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25.03.2016 00:24:00
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Banco Popolare Societa Cooperativa -- Moody's: Banco Popolare and BPM merger is credit positive for the banks and Italian banking system
London, 24 March 2016 -- The merger between Banco Popolare Società Cooperativa (Banco, Ba2 stable Deposits / Ba3 stable Issuer rating, b2 BCA) and Banca Popolare di Milano S.C.a.r.l. (BPM, Ba2 stable Deposits / Ba3 negative Issuer rating, b2 BCA), announced on March 23, 2016, will be credit positive for the two banks as well as for the wider Italian banking system, says Moody's Investors Service in a report published today.
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