12.12.2014 18:13:00
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Moody's: Intesa Sanpaolo S.p.A.'s replacement of swap counterparty will not result in a reduction of its ratings of asset-backed floating rate notes
London, 12 December 2014 -- Moody's has determined that Intesa Sanpaolo S.p.A. (the "New Swap Counterparty") decision to replace UBS Limited ("UBS") as swap counterparty on or around December 15, 2015 will not, in and of itself and at the time this announcement is being made, result in a reduction or withdrawal of the current ratings of the asset-backed floating rate notes due in 2021 (the "Notes") issued by D'Annunzio S.r.l. (the "Issuer").