June 26, 2017 / 5:47 PM / a month ago

BRIEF-Intesa Sanpaolo's purchase of good assets of Veneto banks credit positive - Moody's

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June 26 (Reuters) - Moody's Investors Service says:

* Intesa Sanpaolo's acquisition of good assets of failing banks Veneto Banca and Banca Popolare di Vicenza is credit positive because they will increase the bank's current client base and unlock economies of scale

* deal is credit positive for the Italian banking system as it addresses the risk of contagion, and shores up retail investors' confidence Further company coverage: (Reporting by Milan newsroom)

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