Banca popolare dell`Emilia Romagna: Fitch Ratings

PRESS RELEASE
Banca popolare dell’Emilia Romagna: Fitch Ratings affirms the
Bank’s long and short term ratings respectively to “BBB” and “F3”
with outlook “negative” .
Modena – August 28th 2012. Banca popolare dell’Emilia Romagna informs that today, the
rating agency Fitch has affirmed the Bank’s long-term rating to “BBB” and the short-term
rating to “F3” with outlook “negative”.
BPER’s ratings have been affirmed because Fitch considers the bank’s operating
performance, capitalisation and funding structure relatively resilient in the current economic
downturn. BPER’s pre-impairment operating profitability has remained adequate and Fitch
expects the bank to generate sufficient earnings to cover rising loan impairment charges
given the assumption that the bank’s asset quality is weak and will deteriorate further given
the weak economic performance in Italy. BPER’s ratings would come under pressure in case
of a sharper than expected deterioration in asset quality, bank’s ability to generate earnings
deteriorated materially or bank failed to maintain its capitalization.
At the same time, Fitch has affirmed Meliorbanca’s “Long-term” and “Short-term” rating
respectively to “BBB” and “F3” with Outlook “negative”.
The original text of the press release published by Fitch is available on the rating agency’s web
site (www.fitchratings.com).
BANCA POPOLARE DELL’EMILIA ROMAGNA
Società cooperativa
Investor Relations
Gilberto Borghi
Tel. (+39)059/202 2194
[email protected]
External Relations - Press
Eugenio Tangerini
Tel. (+39)059/202 1330
[email protected]
www.bper.it - www.gruppobper.it
This is a translation into English of the original in Italian. The Italian text shall prevail over the English version.