DBRS gives Banca Monte dei Paschi notes B

DBRS said it assigned a B rating with a stable trend to Banca Monte dei Paschi di Siena SpA’s senior non-preferred debt.

DBRS said it expects any future of senior non-preferred debt, under the bank’s €50 billion medium-term note program would be rated at this level. The B rating is one notch below the bank’s B (high) long-term issuer rating and long-term senior debt rating, in line with the framework in “Global Methodology for Rating Banks and Banking Organisations.”

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