Fitch withdraws Meliorbanca’s ratings on merger into BPER
Full press release
Banca popolare dell’Emilia Romagna informs that on 28 March 2013, Fitch Ratings has affirmed Meliorbanca's ratings and subsequently withdrawn them. The withdrawal follows the merger of Meliorbanca into its parent, Banca popolare dell’Emilia Romagna (“BBB/Neg/F3”).
The ratings are being withdrawn because following the merger, the issuer has ceased to exist as a legal entity.
The rating actions are:
Long-term Issuer Default Rating (IDR): affirmed at “BBB” with a Negative Outlook; withdrawn
Short-term IDR: affirmed at “F3”; withdrawn
Support Rating: affirmed at “2”; withdrawn
Senior unsecured debt: affirmed at “BBB”; withdrawn
The original text of the press release published by Fitch is available on the rating agency’s web site (www.fitchratings.com).