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4 months ago
BRIEF-DBRS cuts Veneto Banca rating, says unclear if bank qualifies for state aid
March 24, 2017 / 4:56 PM / 4 months ago

BRIEF-DBRS cuts Veneto Banca rating, says unclear if bank qualifies for state aid

1 Min Read

March 24 (Reuters) - Italy's Veneto Banca:

* Rating agency DBRS cuts the bank's long-term rating to B (high) from BB (low), places rating under review with negative implications

* DBRS says downgrade reflects risk for Veneto Banca's senior bondholders given bank's uncertain capital position, says it is unclear if bank eligible for state aid. Source text for Eikon: (Reporting by Milan newsroom)

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