London, 18 January 2013 -- Moody's Investors Service has said today that the current A2 (on review for downgrade) ratings of the mortgage covered bonds issued by Banco Popolare are currently unaffected by the lowering of the rating trigger for the replacement of the transaction account bank. Moody's believes that the modification of the eligible institution definition will not, in and of itself and at this time, result in a downgrade or withdrawal of the A2 (on review for downgrade) covered bond ratings.

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