Fitch cuts Carige rating, failure poss

Lowered to CCC+ with negative prospects

(ANSA) - Milan, October 10 - Fitch on Wednesday cut Carige's long-term rating to CCC+ From B- and its viability rating to CCC+ from B- with negative prospects.
    Fitch said "the failure of the bank is a real possibility since it will be a challenge for the institute to bolster capital, which could in the end lead to an intervention by the regulator".
    Genoa based Carige has been struggling for some time.
   

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