Milan, July 16, 2012 — Moody’s Investors Service has today downgraded by one to two notches the long-term debt and deposit ratings for 10, and the issuer ratings for 3, Italian financial institutions, prompted by the weakening of the Italian government’s credit profile, as captured by Moody’s downgrade of Italy’s government bond rating to Baa2 from A3 on 13 July 2012. The long-term debt and deposit ratings of one bank were affirmed.
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