Moody's rates Intesa Sanpaolo program Prime-1

Moody's Investors Service said it assigned a backed Prime-1 short-term debt rating to Societe Europeenne de Banque SA's €30 billion global guaranteed euro-commercial paper and certificate of deposit program.

The notes under the program can be issued by Intesa Sanpaolo Bank Ireland, and they will be directly, irrevocably and unconditionally guaranteed by Intesa Sanpaolo SpA (Aa2/Prime-1/B-).

The rating was assigned in the context of Intesa Sanpaolo's €30 billion global guaranteed euro-commercial paper and certificate of deposit program, the agency said.

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