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Rating Action:
Moody's changes Banca Sella Holding's outlook to positive from negative

03 Oct 2018
Deposit ratings affirmed at Baa3
London, 03 October 2018 -- Moody's Investors Service ("Moody's") today affirmed the Baa3/Prime-3 long- and short-term deposit ratings and ba2 standalone baseline credit assessment (BCA) of Banca Sella Holding S.p.A. (Banca Sella) and changed the outlook on the bank's long-term deposit ratings to positive from negative.



The affirmation reflects Banca Sella's progress in reducing asset risk, in line with Moody's expectations and consistent with the current ratings.



The positive outlook indicates the rating agency's expectations that the bank will improve its solvency profile, in particular its profitability.



A full list of affected ratings can be found at the end of this press release.
 

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