08.08.2016, 17:59
Fitch Places BMPS Covered Bonds Rating on Watch Evolving
OREANDA-NEWS. Fitch Ratings has placed Banca Monte dei Paschi di Siena SpA's (BMPS, B-/RWE/B/RWN, ccc/RWE) 'BBB' mortgage covered bonds (Obbligazioni Bancarie Garantite, OBG) on Rating Watch Evolving (RWE).
The rating action follows the RWE that Fitch has placed on BMPS's Long-Term Issuer Default Rating (IDR) on 4 August 2016 (see "Fitch Places Banca Monte dei Paschi di Siena on Rating Watch Evolving" available on www.fitchratings.com). Fitch will resolve the RWE on BMPS's covered bonds following the resolution of the RWE on the bank's IDR.
The rating action follows the RWE that Fitch has placed on BMPS's Long-Term Issuer Default Rating (IDR) on 4 August 2016 (see "Fitch Places Banca Monte dei Paschi di Siena on Rating Watch Evolving" available on www.fitchratings.com). Fitch will resolve the RWE on BMPS's covered bonds following the resolution of the RWE on the bank's IDR.
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