Fitch revises Banca IFIS view to stable

Fitch Ratings said it revised Banca IFIS SpA's outlook to stable from negative and affirmed the bank's ratings, including the long-term issuer default rating at BB+.

“The revision of the outlook reflects our view that the pandemic-related downside risks related to the sustainability of the bank's business model and franchise and its ability to implement its strategic and commercial initiatives have eased,” the agency said in a press release.

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