Targeting some large Italian banks. Even if the "inflation rate" that now weighs on the downgrades, so recurrent as to have become the norm, should be evaluated. Not to mention the reputation, not exactly impeccable, of the agencies that issue the daily bulletin of votes.
The downward revision affects some of the main Italian banks. Among these are Intesa Sanpaolo, whose long-term valuation has fallen to A from Aa-, with a negative outlook. Same fate for Banca Imi: it falls to A from AA-, with a negative outlook.
Fitch also lowered UniCredit's support rating: to 2 from 1, the minimum of which was corrected to Bbb+ from A. The Bbb+ note for long-term debt was confirmed for Banco Popolare but the outlook changed to negative, from the previous stable.
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