Moody's could cut Iccrea BancaImpresa

Moody's Investors Service said it placed the Ba1 long-term debt and deposit rating of Iccrea BancaImpresa and its standalone bank financial strength rating of D, equivalent to a standalone credit assessment of Ba2, on review for downgrade.

Moody's said the review for downgrade was caused by its concern about the deteriorating trend of the bank's already weak asset quality and the bank's low profitability, against the background of the current recession in Italy.

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