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21.02.2014 20:25:00
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Moody's upgrades four Italian covered bonds; raises most Italian TPIs to Probable
London, 21 February 2014 -- Moody's Investors Service has today taken rating actions on four Italian covered bond programmes. Today's rating actions follow Moody's raising of its timely payment indicator (TPI) for all mortgage-backed -- except Banca Carige mortgage Covered Bond programme 2 (commercial) -- and public-sector backed covered bonds to "Probable" from "Improbable". The affected ratings are:
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