The US agency's move came following the introduction of the new methodology on bank valuations
Moody's raised Intesa Sanpaolo's rating by one notch, bringing the long-term rating from Baa2 to Baa1. The outlook remains stable.
The move by the US rating agency came following the introduction of the new methodology on bank ratings adopted by Moody's and published on 16 March. On the other hand, the P-2 rating for the short term was confirmed.
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