Desio, 10 July 2014 – Banco di Desio e della Brianza S.p.A announces that the international rating agency Fitch Ratings, during a rating activity involving seven Italian mid-sized banks, maintained the following rating levels:
- Long term IDR “BBB+” (with RWN)
- Short term IDR “F2” (with RWN)
- Viability Rating “bbb+” (con RWN)
It also confirmed these other following ratings:
- Support Rating “4”
- Support Rating Floor “B+”
The ratings reflect more resilient gains in profitability than competitors, a prudent lending policy, and a good level of loan portfolio diversification both by type of clientele and by sector; this translates into asset quality ratios better than the System average. Banco Desio confirms a superb capitalisation.
The Agency expects to resolve the RWN after completion of the acquisition of Banca Popolare di Spoleto, expected within the second half of 2014.