Moody’s assigns Mediobanca Baa1 long-term rating with stable outlook

Moody’s assigns Mediobanca Baa1 long-term rating

with stable outlook

• Long-term issuer rating: “Baa1”, outlook stable; rating one notch higher than the Italian sovereign debt rating
• Long-term deposit rating: “A3”, outlook negative
• Short-term deposit rating: “P-2”
• Baseline credit assessment: “baa3”, the highest assigned to an Italian bank

• High capital levels, as confirmed by the Baseline credit assessment, comfortably above the regulatory limits
• Continuing earnings generation capacity due to the effective diversification of the business model as well as the asset and liability structure
• Scrupulous risk management and undisputed asset quality