Two rating agencies have recently upgraded Italy’s Banca
Italease rating following a review for possible upgrade started
earlier this year.
Rating agency Moody’s, following the completion of a public
tender offer promoted by the lessor’s main shareholder Banco
Popolare, has upgraded the Italian lessor’s long and short-term
ratings, from “Ba1“ to “Baa3” and from “Not Prime” to
“Prime-3”.
Similarly, Fitch Ratings has upgraded the Banca Italease short-
and long-term ratings, from “BBB-“ to “BBB+” and from “F3” to “F2”
respectively, placing both on negative outlook.
Earlier this year, troubled Banca Italease started an extensive
restructuring process, after a series of scandals and huge losses
hit the lessor back in 2007.
Antonio Fabrizio
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData