Fitch downgrades Popolare di Vicenza on bail-in risk
Mar 21, 2017 - SNL European Financials Daily
Fitch Ratings on March 17 downgraded Banca Popolare di Vicenza SpA's long- and short-term issuer default ratings to CCC/C from B-/B and placed them on Rating Watch Evolving.
Fitch also downgraded the Italian lender's viability rating to "cc" from "b-" and affirmed the support rating at 5 and support rating floor at No Floor.
The downgrade of the long-term issuer default rating reflects Fitch's view of a real possibility that losses could be imposed on senior bondholders if a conversi...
Sign up today to gain access to 5 free articles a month from over 200 top subscription outlets.
Are you ready to take your business development to the next level with RelSci Professional?
Nurture your network with daily alerts that notify you when your relationships make news
Map your relationships to any target or prospect to identify a warm introduction
Access unlimited deep dossiers on over 8 million decision makers
Best of all, you can try out all these powerful business development tools absolutely free for 30 days!
Check out News Home to stay on top of the people and organizations you care most about.
