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Mps: Moody's cuts rating, bad share on the Stock Exchange

On a positive day for Piazza Affari, the Mps stock fell, placing it at the bottom of the Ftse Mib list – The Sienese institute paid for the rejection of Moody's which cut the rating from Ba2 to B2.

Mps: Moody's cuts rating, bad share on the Stock Exchange

The share of Mps falls on the Stock Exchange which, on a very positive morning for Piazza Affari, it lost 0,82% to 0,2175 euro per share, placing itself at the bottom of the Ftse Mib.

To drag down the shares of the Sienese institute is the rejection of Moody's, which yesterday lowered its long-term opinion on MPS by three levels, from Ba2 to B2, with a negative outlook. The rating agency has many doubts about the bank's ability to repay the Monti bonds "given the question marks - reads a note - about the internal generation of capital and the uncertain prospects of raising capital from outside apart from the billion euro planned for 2014”.

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