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S&P Global Ratings on Oct. 31 raised the long- and short-term ratings on 11 financial institutions and a foreign financial institution's branch in Italy. It also affirmed the ratings of seven financial institutions.
The rating agency upgraded the long- and short-term issuer credit ratings of Intesa Sanpaolo SpA and its units Banca IMI SpA, Fideuram-Intesa Sanpaolo Private Banking SpA, Mediobanca - Banca di Credito Finanziario SpA, Banca Nazionale del Lavoro SpA and Dexia Crediop SpA to BBB/A-2 from BBB-/A-3 with a stable outlook.
S&P also upgraded the long- and short-term issuer credit ratings...