DBRS lifts Intesa San Paolo view to stable

DBRS said it changed the trend on Intesa San Paolo’s A (low) senior long-term debt and deposit and issuer ratings to stable from negative.

The agency said confirmed the short-term debt and deposit rating of R-1 (low) with a stable trend.

The change in the trend to stable reflects the recent change on the Republic of Italy’s A (low) long-term rating to stable from negative, DBRS said.

The bank continues to demonstrate resilient economic performance in the slowly recovering Italian economy, the agency said.

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