About us > Press release Moody’s upgraded Banca Marche's rating by two levels Same positive results obtained by further three Italian Banks only BANCA MARCHE expressed satisfaction for the upgrading from Baa1 to A2 assigned by Moody’s to its debts and long-term deposits. The upgrade by two levels, obtained by only 4 out of 20 upgraded Italian banks, derives both fom the application of a new rating methodology adopted by Moody’s and from the positive trend of Banca Marche’s net income results over the past three years. Particularly appreciated were the Bank’s risk management ability and strong predominance in its territory. At the same time BANCA MARCHE priced a variable-rate senior bond for the amount of EUR 350 mln. This bond, falling due on 14th May 2010, has a coupon of 15 bp over 3-month-Euroribor and a yield of 185 bp over 3-month-Euribor. The issuance of the bond is the first operation launched by BNACA MARCHE after Moody’s upgrading. |