London, 31 July 2013 -- Moody's Investor Service has today confirmed Banca Popolare di Spoleto (BP Spoleto)'s long-term deposit rating (LTDR) of Caa2 and simultaneously affirmed the bank's stand alone bank financial strength rating (BFSR) of E mapped to a standalone BCA of ca. The outlook is negative, in line with the majority of Italian banks, reflecting the pressures from a still deteriorating operating environment. This rating action concludes the review with direction uncertain which had been initiated on 15 February 2013.
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