MILAN (Reuters) – Monte dei Paschi di Siena’s procurement of larger competitor Mediobanca would certainly be testing to apply if the Tuscan financial institution’s quote was successful, Fitch Ratings claimed on Friday.
While any type of evaluation is early, Fitch claimed MPS’ rankings would likely be untouched in the short-term under the suggested regards to the deal.
However, the debt ranking firm flagged threats Mediobanca can shed customers or team considered that MPS is regarded “as a weaker and less specialised peer” in company financial investment financial 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, editing and enhancing by Gianluca Semeraro)
