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Standard & Poor's cuts 15 banks: among them also Mps and Ubi

The rating agency has dropped the ax on 15 Italian institutions, lowering the rating and resizing the outlook: save 15 others, including Intesa Sanpaolo, Unicredit and Mediobanca – The stocks in Piazza Affari in negative ground except Mps.

Standard & Poor's cuts 15 banks: among them also Mps and Ubi

The rating agency Standard & Poor's intervenes energetically - and negatively - on Italy. After having worsened the estimates of Italian GDP for 2012 and 2013 in recent days, the US agency has also revised downwards the rating of 15 Italian banks:downgrading is about B. Carige (to BB+/Negative/B from BBB-/Negative/A-3), Cooperative Credit Bank of Conversano (to BB+/Negative/B from BBB-/Negative/A-3), Banca Popolare dell'Alto Adige (to BBB-/Negative/A-3 from BBB/Negative/A-2), BPERomagna (to BB+/Negative/B from BBB/Negative/A-2), Popular Bank of Vicenza (to BB+/Negative/B from BBB-/Negative/A-3), Dexia Crediop (to B+/Negative/B from BB-/Negative/B), Eurofides (to BB+/Negative/B from BBB-/Negative/A-3), Iccrea Holding and the subsidiaries Iccrea Banca and Iccrea BancaImpresa (to BBB-/Negative/A-3 from BBB/Negative/A-2), Where's Banca (to BBB/Negative/A-2 from BBB+/Negative/A-2).

Also the Banca Monte dei Paschi di Siena was not immune to the intervention of S&P's: the Tuscan institute is in fact among the four banks that have seen their outlook be brought to negative, together with Agos Ducato, Banca Popolare di Milano and the subsidiary Banca Akros. Instead, the ratings of Intesa-Sanpaolo, Mediobanca and Unicredit were confirmed.

Business Square responded negatively to S&P's decision: the UBI share lost 1,03% to 2,31 euro, Banca Popolare dell'Emilia Romagna also fell in the red (-1,70%) and Banca Pop Milano (-1,03% ). Mps still resists in positive ground with a +0,11% to 0,1792 euros per share. 

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