Bank Of Baku

Standard&Poor’s cuts ranking of 15 Italian banks

Standard&Poor’s cuts ranking of 15 Italian banks
# 04 August 2012 09:36 (UTC +04:00)
Baku. Vahab Rzayev-APA-Economics, “Standard&Poor’s” international ranking agencycut the ranking of 15 Italian banks. APA-Economics reports that the main reason was not the current situation in the banks, but the tense situation in state’s economy.

Five of the biggest banks such as “Union di Banche Italiane Scpa” and “Monte dei Pasci di Siena SpA” are also among the banks the ranking of which was cut. At the same time, the ranking of some leading banks “Mediobanca”, “Intesa Sanpaolo” and “UniCredit” wasn’t changed.
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