Fitch raises MPS rating to B

Agency see outlook stable for Italian bank

(ANSA) - New York, August 11 - Fitch said Friday that it has raised the rating Monte dei Paschi di Siena from B- to B with a stable outlook. The move follows an 8.2-billion-euro recapitalization, with 3.9 billion from the State and 4.3 billion from bondholders whose investments were converted into shares.
   

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