(Alliance News) - BPER Banca Spa has announced that Fitch Ratings has upgraded the bank's long-term deposit rating to 'A-' from 'BBB+', while affirming the short-term deposit rating at 'F2'.

The agency explained that the decision is part of a broader review involving several issuers and is linked to the adoption of a new assessment methodology. This framework recognizes greater protection for deposits in Italy due to 'depositor preference', in addition to the buffers resulting from regulatory requirements and applicable resolution strategies.

By Antonio Di Giorgio, Alliance News reporter

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