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Prospect News home > News index > List of issuers B > Headlines for Banca Nazionale del Lavoro SpA > News item |
Fitch cuts Banca Nazionale del Lavoro
Fitch Ratings said it downgraded Banca Nazionale del Lavoro ’s long-term rating to BBB from BBB+.
The rating actions follow a recent downgrade of Italy’s sovereign rating to BBB- from BBB due to the significant impact of the pandemic on Italy’s economy and on the sovereign’s fiscal position, Fitch said.
The outlook is stable.
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