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Fitch Ratings
Rating of Banca Popolare di Sondrio, released by Fitch Ratings (2017/2024)
Type 06/2017 06/2018 03/2019 06/2019 03/2020 05/2020 09/2020 09/2021 07/2022 07/2023 04/2024 IDR Long-term BBB- BBB- BBB- BB+ BB+ BB+ BB+ BB+ BB+ BB+ BBB- IDR Short-term F3 F3 F3 B B B B B B B F3 Viability rating bbb- bbb- bbb- bb+ bb+ bb+ bb+ bb+ bb+ bb+ bbb- Support1 5 5 5 5 5 5 5 5 Withdrawn Withdrawn Withdrawn Support rating floor1 No floor No floor No floor No floor No floor No floor No floor No floor Withdrawn Withdrawn Withdrawn Government support2 - - - - - - - - ns ns ns Outlook Stable Stable Stable Stable Rating Watch Negative Rating Watch Negative Negative Stable Stable Stable Stable Long-term Deposit Rating3 BBB- BBB- BBB- BBB- BBB- BBB- BBB- BBB Short-term Deposit Rating F3 F3 F3 F3 F3 F3 Senior Preferred Debt4 BB+ BB+ BB+ BB+ BB+ BB+ BB+ BB+ BBB- Subordinated Debt 5 BB- BB- BB- BB- BB- BB- BB [1] Rating withdrawn on 27 July 2022 following the new methodology introduced by Fitch in November 2021.
[2] Rating assigned for the first time on 27 July 2022 following the new methodology introduced by Fitch in November 2021.
[3] Rating assigned for the first time on 2 April 2019 following the entry into force in Italy, from 1 January 2019, of the "full depositor preference".
[4] Rating assigned in relation to the first issue of "Senior Preferred Unsecured" securities which took place on 28 March 2019.
[5] Rating assigned in relation to the first issue of "Subordinated Unsecured Tier 2" securities which took place on 23 July 2019.Legenda
IDR Long-term: It is a measure of the probability of default and expresses the ability of the bank to repay medium-long term financial commitments - from five to ten years. It is expressed on a scale from AAA to D.
IDR Short-term: It measures the ability of the organization to which the rating is assigned to meet financial commitments due in the short term, within 13 months. The measurement scale includes seven levels (F1, F2, F3, B, C, RD and D).
Viability rating: It aims to assess what the bank's situation would be if it were completely independent and could not rely on external support. It is expressed on a scale from aaa to f.
Support: It expresses Fitch's assessment of the likelihood that an external entity will offer support to the bank if the latter needs it. The measurement scale includes five levels from 1 (best) to 5 (worst).
Support rating floor: It expresses Fitch's assessment on the minimum level below which it will not lower the long-term rating of the issuer in the event of its financial difficulty, in consideration of the propensity of potential supporters (state or institutional owner) to help the bank in such circumstances. The scale of values associated with this judgment reflects that of the long-term ratings. A further possible score, represented by the "No Floor" (NF) indicates that according to Fitch it is unlikely that help will come from outside (probability of a support intervention less than 40%).
Government support: It reflects the opinion on the likelihood that, in case of failure, a bank or non-bank financial institution will receive extraordinary support from government sources to prevent it defaulting on its senior financial obligations to third-party, non-government creditors. It is expressed on a scale from aaa to ns.
Outlook: It is a forward-looking assessment of the possible evolution of the long-term rating assigned over a period of 1-2 years.
Long-term Deposit Rating: This is a measure that expresses the vulnerability to default of uninsured deposits. It is expressed on a scale similar to that used for the long-term rating (from AAA to D).
Short-term Deposit Rating: This is a measure that expresses the vulnerability to default of uninsured deposits maturing in the short term. It is expressed on a scale similar to that used for the short-term rating (F1, F2, F3, B, C, RD and D).
Senior Preferred Debt: This is a measure of the probability of default of Senior Preferred bonds which is expressed using a scale from AAA to D.
Subordinated Debt: This is a measure of the probability of default of Subordinated Tier 2 bonds that is expressed using a scale from AAA to D.
Archive
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April 2024
Attachment Size Banca Popolare Sondrio press release 414.8 KB Fitch Ratings press release 186.21 KB -
July 2023
Attachment Size Comunicato Banca Popolare Sondrio 396.85 KB Comunicato Fitch 180.47 KB -
July 2022
Attachment Size Comunicato Banca Popolare Sondrio 1.1 MB Comunicato Fitch 3.03 MB -
September 2021
Attachment Size Comunicato Banca Popolare Sondrio 793.83 KB Comunicato Fitch 185.72 KB -
September 2020
Attachment Size Comunicato Banca Popolare Sondrio 677.86 KB Comunicato Fitch 304.76 KB -
May 2020
Attachment Size Comunicato Banca Popolare Sondrio 667.61 KB Comunicato Fitch 301 KB -
March 2020
Attachment Size Comunicato Banca Popolare Sondrio 546.5 KB Comunicato Fitch 151.65 KB -
June 2019
Attachment Size Comunicato Banca Popolare Sondrio 169.99 KB Comunicato Fitch 212.7 KB -
March 2019
Attachment Size Comunicato Fitch 37.36 KB -
June 2018
Attachment Size Comunicato Banca Popolare Sondrio 210 KB Comunicato Fitch 15.55 KB -
June 2017
Attachment Size Comunicato Banca Popolare Sondrio 130.63 KB Comunicato Fitch 48.64 KB -
June 2016
Attachment Size Comunicato Banca Popolare Sondrio 190.18 KB Comunicato Fitch 40.13 KB -
July 2015
Attachment Size Comunicato Banca Popolare Sondrio 136.15 KB Comunicato Fitch 49.92 KB -
May 2015
Attachment Size Comunicato Fitch 43.12 KB -
July 2014
Attachment Size Comunicato Banca Popolare Sondrio 140.49 KB Comunicato Fitch 54.89 KB -
July 2013
Attachment Size Comunicato Banca Popolare Sondrio 244.09 KB Comunicato Fitch 159.07 KB -
August 2012
Attachment Size Comunicato Banca Popolare Sondrio 87.9 KB Comunicato Fitch 51.15 KB -
February 2012
Attachment Size Comunicato Banca Popolare Sondrio 130.71 KB Comunicato Fitch 49.37 KB -
November 2011
Attachment Size Comunicato Banca Popolare Sondrio 124.89 KB -
July 2010
Attachment Size Comunicato Fitch 13.71 KB -
October 2009
Attachment Size Comunicato Fitch 13.96 KB -
June 2008
Attachment Size Comunicato Fitch 12.54 KB -
June 2007
Attachment Size Comunicato Fitch 13.04 KB
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April 2024
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Morningstar DBRS
Type 11/2019 04/2020 11/2020 11/2021 11/2022 11/2023 Long-term BBB (low) BBB (low) BBB (low) BBB (low) BBB (low) BBB (low) Short-term R-2 (middle) R-2 (middle) R-2 (middle) R-2 (middle) R-2 (middle) R-2 (middle) Intrinsic Assessment BBB (low) BBB (low) BBB (low) BBB (low) BBB (low) BBB (low) Support Assessment SA3 SA3 SA3 SA3 SA3 SA3 Trend Stabile Negative Negative Stabile Stabile Positive Long-term Deposit Rating BBB BBB BBB BBB BBB BBB Short-term Deposit Rating R-2 (high) R-2 (high) R-2 (high) R-2 (high) R-2 (high) R-2 (high) Long-term Senior Debt BBB (low) BBB (low) BBB (low) BBB (low) BBB (low) BBB (low) Short-term Debt R-2 (middle) R-2 (middle) R-2 (middle) R-2 (middle) R-2 (middle) R-2 (middle) Subordinated Debt BB BB BB Legenda
Long-term: It is a measure of the probability of default and expresses the bank's ability to repay medium / long-term loans. It is expressed on a scale from AAA to D.
Short-term: Measures the ability of the organization to which the rating is assigned to meet financial commitments due in the short term. The measurement scale includes six levels (R-1; R-2; R-3; R-4; R-5 and D).
Intrinsic Assessment: It reflects DBRS's view on the likelihood and predictability of timely external support for the bank in case of need. The measurement scale includes four levels from SA1 (best) to SA4 (worst).
Support Assessment: It reflects DBRS's view on the likelihood and predictability of timely external support for the bank in case of need. The measurement scale includes four levels from SA1 (best) to SA4 (worst).
Trend: It is a prospective assessment of the possible evolution of the long-term rating assigned over a period of 1-2 years.
Long-term Deposit Rating: This is a measure that expresses the vulnerability to default of medium / long-term uninsured deposits. It is expressed on a scale similar to that used for the long-term rating (from AAA to D).
Short-term Deposit Rating: This is a measure that expresses the vulnerability to default of short-term uninsured deposits. It is expressed on a scale similar to that used for the short-term rating (R-1; R-2; R-3; R-4; R-5 and D).
Long-term Senior Debt: This is a measure of the probability of default of Senior Preferred bonds that is expressed using a scale from AAA to D.
Short-term Debt: This is a measure of the probability of default of short-term bonds that is expressed using a scale from R-1 to D.
Subordinated Debt: This is a measure of the probability of default of Subordinated Tier 2 bonds that is expressed using a scale from AAA to D.
Archive
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November 2023
Attachment Size Banca Popolare Sondrio press release 326.12 KB DBRS Morningstar press release 62.3 KB -
November 2022
Attachment Size Banca Popolare Sondrio press release 331.33 KB DBRS Morningstar press release 55.44 KB -
November 2021
Attachment Size Banca Popolare Sondrio press release 680.16 KB DBRS Morningstar press release 628.57 KB -
November 2020
Attachment Size Comunicato Banca Popolare Sondrio 274.85 KB Comunicato DBRS Morningstar 45.49 KB -
April 2020
Attachment Size Comunicato Banca Popolare Sondrio 424.97 KB Comunicato DBRS Morningstar 41.34 KB -
November 2019
Attachment Size Comunicato Banca Popolare Sondrio 184.64 KB Comunicato DBRS Morningstar 41.13 KB
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November 2023
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Scope ratings
Rating 2019-2024
Type 11/2019 04/2020 03/2021 03/2022 03/2023 04/2024 Issuer rating BBB - BBB - BBB - BBB- BBB BBB Outlook Positive Stable Stable Positive Stable Stable Legenda
Issuer rating: Represents a credit rating on the ability of a bank to meet its contractual financial commitments in a timely and complete manner. It is expressed on a scale from AAA to D.
Outlook: It is a forward-looking assessment of the possible evolution, over a period of 12-18 months, of the issuer rating assigned.
Archive
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April 2024
Attachment Size Press release Banca Popolare Sondrio 382.3 KB Press release Scope Ratings 119.87 KB -
March 2023
Attachment Size Press release Banca Popolare Sondrio 928.22 KB Press release Scope Ratings 1.04 MB -
March 2022
Attachment Size Press release Banca Popolare Sondrio 2.24 MB Press release Scope Ratings 1.6 MB -
March 2021
Attachment Size Press release Banca Popolare Sondrio 630.41 KB Press release Scope Ratings 114.06 KB -
April 2020
Attachment Size Press release Banca Popolare Sondrio 484.33 KB Press release Scope Ratings 110.25 KB -
November 2019
Attachment Size Press release Banca Popolare Sondrio 238.16 KB Press release Scope Ratings 108.03 KB
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April 2024
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S&P GLOBAL RATINGS
Type 02/2024 Stand alone credit profile BBB- Long-term Issuer Credit Rating BBB- Short-Term Issuer Credit Rating A-3 Long-term Resolution Counterparty Rating BBB Short-term Resolution Counterparty Rating A-2 Outlook Stabile Legenda
Stand alone credit profile: It measures the stand-alone creditworthiness of a company based on the analysis of financial fundamentals. It is expressed on a scale from AAA to D.
Long-term Issuer Credit Rating: It is a measure of the probability of default and expresses the bank's ability to meet its medium- to long-term financial commitments. It is expressed on a scale from AAA to D.
Short-Term Issuer Credit Rating: It measures the ability of the organization to which the rating is assigned to meet financial commitments due in the short term. The measurement scale includes six levels (A-1; A-2; A-3; B; C e D).
Long-term Resolution Counterparty Rating: It reflects S&P Global Ratings' opinion of the bank's creditworthiness with respect to the timely fulfilment of certain medium- to long-term financial liabilities that may be protected, as part of a possible resolution (bail-in) process. It is expressed on a scale from AAA to CC.
Short-term Resolution Counterparty Rating: It reflects S&P Global Ratings' opinion of the bank's creditworthiness with regard to the timely fulfilment of certain short-term financial liabilities that may be protected, as part of a possible resolution (bail-in) process. The measurement scale includes six levels from A-1 (best) to SD and D (worst).
Outlook: It is a forward-looking assessment of the possible evolution over a future period, usually over 1-2 years, of the assigned long-term rating. Any changes in economic and financial conditions are taken into consideration when determining the outlook.
Archive
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February 2024
Attachment Size Banca Popolare Sondrio press release 339.14 KB S&P Global Ratings press release 126.8 KB
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February 2024