MILAN (Reuters) – Monte dei Paschi di Siena’s procurement of bigger competitor Mediobanca will surely be testing to use if the Tuscan monetary establishment’s quote was profitable, Fitch Ratings claimed on Friday.
While any kind of analysis is early, Fitch claimed MPS’ rankings would probably be untouched within the short-term beneath the steered regards to the deal.
However, the debt rating agency flagged threats Mediobanca can shed clients or staff thought-about that MPS is regarded “as a weaker and less specialised peer” in firm monetary funding monetary and riches monitoring.
“MPS’ plan to operate both brands with a high degree of independence could mitigate these risks, but this faces execution risks,” it claimed.
(Reporting by Valentina Za, modifying and enhancing by Gianluca Semeraro)
