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Fitch cuts Carige OBGs to BBB after disputed IDR cut

Posted on 4 February 2019

Fitch downgraded Banca Carige soft bullet covered bonds from BBB+ to BBB on Friday, and placed them on Rating Watch Evolving (RWE), after having cut the issuer’s IDR to CCC two weeks earlier – with the Italian bank continuing to question the rating agency’s actions...

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