Fitch Affirms Intesa Sanpaolo Vita's IDR at 'BBB+'; Stable Outlook

April 14, 2015 2:47 PM

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(The following statement was released by the rating agency) LONDON, April 14 (Fitch) Fitch Ratings has affirmed Intesa Sanpaolo Vita's (ISV)'s Long-term Issuer Default Rating (IDR) at 'BBB+' with a Stable Outlook.

Fitch has also affirmed ISV's dated and perpetual subordinated notes at 'BBB' and 'BBB-', respectively. KEY RATING DRIVERS ISV's rating reflects the company's strong franchise in Italy, solid net profitability, adequate capital and moderate financial leverage. Offsetting this, ISV's operations are c...

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