- Unemployment Rate Falls in Easy Bay
- Oil Prices Skid to 6-month Low on Greece Chaos
- Intelsat Files For USD1.75 Billion IPO With US Regulators
- Obama Joins Hollande, Calls For Economic Stimulus To Pull EU out of Rut
- Foot Locker(FL) Q1 Earnings Beat The Street
- Dewey May Go For Bankruptcy Filing
- Worries Mount As Nokia (NOK) Burns Up Cash, Hopes Pinned On Microsoft (MSFT) For The 'Rescue Act'
- Spain Auctions USD3.2 billion Medium Term Debt
- General Electric (GE) to Acquire Fairchild International
- Rating Agency Moody's Downgrades 16 Spanish Bank
- Gap (GPS) Share Rises Despite Flat Q1 Profit
- Facebook(FB) Underwriters to Split USD176 Million in Fees for Managing IPO
- Hewlett-Packard (HPQ) May Cut 25,000 Jobs to Reduce Cost
- Japanese E-Commerce Firm Injects USD100 Million Into Pinterest, Lifts Its Value To USD1.5 Billion
- Facebook to Begin Trading Friday with IPO Price at Share USD38
- Red Robin (RRGB) Q1 Profit Up, Revenue Lower
- Target(TGT) Q1 Profits Tops View, Raises Outlook
- Brokerages Stop Accepting Facebook Orders
- Deere's (DE) Q2 Profit Beats View, Lifts Outlook
- Limited Brands (LTD) Q1 Net Income Falls, Shares Slip
- Facebook Selling 25% more shares in IPO
- GM (GM) To Withdraw Facebook Ads
- Samsung Apple(AAPL) Order Report, Greece Debt Crisis Sends Samsung Shares On A Downward Spiral
- Warm Weather Propels Home Depot(HD) Q1 Profit
- Greece Braces For Second Election In June
- Warren Buffett's Berkshire Hathaway Buys 10 Million Shares in General Motors (GE)
- JC Penney(JCP) Profit, Sales Plunge; Jettisons Dividend
- Former IMF Chief Strauss-Kahn Counter Sues NY Hotel Maid; Seeks USD1 Million In Damages
- Facebook Raises IPO Range to USD34 to USD38 per Share
- Powered By Germany, Eurozone Escapes Recession In Q1
- Greek Leftists In No Mood To Compromise; Reject Proposal For Technocrat Government
- European Stocks Get a Boost
- Allianz SE Q1 Net Profit Up 60 percent
- Sony(SNE), Panasonic(PC) In Talks To Jointly Produce OLED TVs
- Advocat (AVCA) Repudiates Buyout Offer of Covington
- Agilent (A) Q2 Profit Climbs
- Daniel Loeb’s Third Point Makes USD122 Million on Yahoo (YHOO)
- Groupon's (GRPN) Shares Surge On Positive Q1, Optimistic Q2
- Ford(F) Trying To Increase Its Market Share In China
- Infineon Technologies CEO To Quit On Falling Health
- Yahoo's (YHOO) CEO Quits
- Nordstrom(JWN) Q1 Profit Marginally Up
- Pickens Offloads Stake in Chesapeake Energy (CHK)
- Nissan Posts Quarterly Profit of USD943 Million
- Telefonica (TEF) Q1 Profit Dives, Backs Forecast
- Panasonic (PC) Posts Record Annual Net Loss of USD5.49 billion
- JPMorgan Chase (JPM) Losses USD2 Billion in Trading Portfolio
- Sony (SNE) Stocks Hit a Historical Low, Posts A Record USD5.7Billion Loss
- Yahoo (YHOO) CEO Tries To Play Down Educational Controversy, Says Did Not Submit Resume
- US Stock Futures Gain Following a String of Losses
- Glaxo Smith Kline (GSK) to Acquire Human Gemone
- Fannie Mae Gains USD2.7 Billion During the Quarter
- Wal-Mart Stores (WMT) Focuses on Existing Africa Markets
- Facebook Launches Apps for Mobile Users
- By 2017, Porsche Plans to Launch 'Pajun'
- ArcelorMittal Sees Higher Profits After Strong Q1 Start
- Panasonic, Itochu to Amalgamate Handset Vendors
- German Chancellor Markel Rejects 'Growth On Credit' Formula For Europe's Debt Crisis
- FedEx (FDX) to Offload Office Unit of Japan Business to Konica
- Micron Technology (MU) in Talks to Acquire Elpida Memory
- Emirates Annual Profit Drops 61 Percent
- Deutsche Telekom Q1 Profit Drops 50 Percent
- Sony (SNE) Expecting Return to Profit after USD5.74 Billion Loss in 2011
- Cisco Systems (CSCO) Q3 Profits Rise, Stocks Tank On Lower Q4 Guidance.
- Priceline.com (PCLN) Q1 Profit Tops Estimate, Revenue Below Expectations
- Live Nation Entertainment (LYV) Q1 Loss Widens, Acquires Cream Holdings
- Aretha Franklin Enters Gospel Hall Of Fame
- News Corp (NWS) Q3 Profit Beats Forecasts On Cable, Movies; Announces Share Buyback Plan
- Carlos Slim Plans European Expansion
- Toyota's (TM) Q4 Profit Soars; Ramps- Up Forecast
- Carlsberg Reports Net loss of USD13.3 Million in First Quarter
- April Auto Sale in China Rebound from low Q1
- Commodities, Stocks, Euro Down On Greek Fears
- Fraport's Q1 Profit Declines, Revenues Rise
- Toyota Motor (TM) Forecasts Profit to Double by 2013
- Weak Banking & Insurance Divisions Cuts ING's (ING) Q1 Profit By Half
- Disney's (DIS) Q2 Profit Jumps 21percent on Theme Parks, TV Networks
- Yahoo's (YHOO) Patti Hart Leaves Board
- American Airline Plans more Global Flights to Emerge from Bankruptcy
- Telenor To Quit India As Licensing Troubles Hit Profit
- HSBC's Profit Surge On Strong Investment Bank Income, Reduced Cost
- Chrysler To Recall 127,350 Dodge Chargers, Chrysler 300s
- Munich Re Jumps To Profit In Q1
- Deutsche Post Q1 Profit Swells, Backs Forecast
- Aviva (AV) CEO Quits over Protest by Shareholders on Compensation
- European Parliament To Debate 'On Its Future' On Wednesday
- Wynn Resorts (WYNN) Posts Q1 Profit, Revenue Miss Estimates
- Synchronoss(SNCR) Expects A Dip In Demand From AT&T, Shares Ebb
- Electronic Arts (EA) Q4 Profit Doubles, Trims Next Quarter Outlook
- Zuckerberg Kicks Off Investor Show In NY, Handle Queries Regarding Growth, Revenue
- Third Point Wants To Scrutinize Yahoo (YHOO) CEO's Hiring Documents
- Gogo All Set to Acquire Airfone for Encouraging In-Flight Spectrum
- Anti-Austerity Resentment Sends Euro Zone in a Tizzy
- After Stock Dipped, Japan’s Youngest Billionaire Loses USD702 Million
- Cognizant(CTSH) Q1 Profit Rises On Higher Revenues
- Spain Announces Clean-Up Plan For Its Banking Sector
- Madison Square Garden (MSG) Reports Most Profitable Quarter
- Hallahan Couple Involved In Ponzi Scheme Caught
- Swiss Stocks Drop After Election
- India launches Antitrust probe of Google's (GOOG) AdWord
NEW YORK, February 15 (FinanceEnquiry.com) - Standard & Poor’s Rating Services lowered its rating on 34 Italian financial institutions.
In a research note published on February 10, Standard & Poor’s move of degrading the rating on Italian financial institutions was due to decline of the unsolicited long- and short-term sovereign credit ratings on the Republic of Italy. Moreover, it also reflected the revision of Banking Industry Country Risk Assessment (BICRA) on Italy from group 3 to group 4, while economic risk and industry scores both parts of the BICRA on Italy from 3 to 4. S&P has confirmed rating on two Italian financial institutions and terminated them from CreditWatch with negative implications, and maintained one Italian financial institution on CreditWatch with negative implications.
The ratings listed below are issuer credit ratings unless otherwise stated.
Downgraded
To From
UniCredit SpA
UniCredit Leasing SpA
BBB+/Negative/A-2 A/Watch Neg/A-1
Intesa Sanpaolo SpA
Banca IMI SpA
Banca Infrastrutture Innovazione e Sviluppo SpA (BIIS)
BBB+/Negative/A-2 A/Watch Neg/A-1
Banca Nazionale del Lavoro SpA
BBB+/Negative/A-2 A/Watch Neg/A-1
Cassa di Risparmio di Parma e Piacenza SpA
BBB+/Negative/A-2 A/Watch Neg/A-1
Banca Monte dei Paschi di Siena SpA
BBB/Negative/A-2 BBB+/Watch Neg/A-2
Banco Popolare Societa Cooperativa SCRL
Credito Bergamasco
Banca Aletti & C. SpA
BBB-/Negative/A-3 BBB/Watch Neg/A-2
Unione di Banche Italiane Scpa
BBB+/Negative/A-2 A-/Watch Neg/A-2
Mediobanca SpA
BBB+/Negative/A-2 A/Watch Neg/A-1
Banca Popolare dell'Emilia Romagna S.C.
BBB/Negative/A-2 BBB+/Watch Neg/A-2
Banca Popolare di Milano SCRL
Banca Akros SpA
BBB-/Negative/A-3 BBB/Watch Neg/A-2
Banca Carige SpA BBB-/Negative/A-3 BBB/Watch Neg/A-2
Banca Popolare di Vicenza ScpA
BBB-/Negative/A-3 BBB/Watch Neg/A-2
Credito Emiliano SpA BBB/Negative/A-2 BBB+/Watch Neg/A-2
Veneto Banca SCPA BBB-/Negative/A-3 BBB/Watch Neg/A-2
Banca Popolare dell'Alto Adige
BBB/Negative/A-2 BBB+/Watch Neg/A-2
Cassa di Risparmio della Provincia di Teramo SpA
BB-/Negative/B BB+/Watch Neg/B
Cassa di Risparmio di Cento SpA
BB/Negative/B BB+/Watch Neg/B
Unipol Banca SpA BB/Watch Neg/B BB+/Watch Neg/B
Iccrea Holding SpA
Iccrea Banca SpA
Iccrea BancaImpresa SpA
BBB/Negative/A-2 BBB+/Watch Neg/A-2
Banca Fideuram BBB+/Negative/A-2 A-/Watch Neg/A-2
Agos-Ducato SpA BBB/Negative/A-2 BBB+/Watch Neg/A-2
Dexia Crediop SpA BB-/Negative/B BB+/Watch Neg/B
Banca Mediocredito del Friuli-Venezia Giulia SpA
BBB/Negative/A-3 BBB+/Watch Neg/A-2
Istituto per il Credito Sportivo
BBB+/Negative/A-2 A/Watch Neg/A-1
Eurofidi Scpa BBB-/Negative/A-3 BBB/Watch Neg/A-2
Ratings Affirmed; CreditWatch Action
To From
Banca di Credito Cooperativo di Conversano S.c.r.l
BBB-/Negative/A-3 BBB-/Watch Neg/A-3
Istituto Centrale delle Banche Popolari Italiane SpA
CartaSi SpA
BBB-/Negative/A-3 BBB-/Watch Neg/A-3
CreditWatch Update
To From
FGA Capital SpA BBB/Watch Neg/A-3 BBB/Watch Neg/A-3
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