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Fitch Ratings on April 10 placed Banca Carige SpA's B-/B long- and short-term issuer default ratings on Rating Watch Negative.
In addition, Fitch downgraded Banca Carige's viability rating to "cc" from "b-" and affirmed the Italian lender's support rating and support rating floor at 5 and No Floor, respectively.
Banca Carige is planning to transfer almost all of its doubtful...