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Banca IFIS: Moody’s upgrades and subsequently withdraws Interbanca’s deposit ratings following merger into Banca IFIS

Inside information

Mestre (Venice), 27 October 2017 – Banca IFIS S.p.A. (rated by Fitch ‘BB+’, outlook stable) announces that, as of today’s date, the rating agency Moody’s has today upgraded Interbanca S.p.A.’s long-term deposit ratings to Ba1 from B2 and its long-term Counterparty Risk Assessment (CR Assessment) to Ba1(cr) from Ba3(cr). The outlook on the long-term deposit ratings remains stable. Subsequently, Moody’s has decided to withdraw these ratings together with the ratings of Interbanca’s other financial tools following Interbanca’s merger into its parent Banca IFIS, which took place on 23 October 2017.

For more information, please see Moody’s press release at the website