Moody's Maintains Intesa Sanpaolo's Ratings With Stable Outlook Amid MPS Takeover Bid

MT Newswires · 1d ago
12:24 AM EST, 11/05/2026 (MT Newswires) -- Moody's on Wednesday confirmed Intesa Sanpaolo's (ISP.MI) long-term deposit, senior unsecured debt, and issuer ratings at A3, keeping the outlook stable. The rating decision is based on the affirmation of the Italian bank's baa2 adjusted baseline credit assessment, the unchanged result of the rating agency's advanced loss given failure analysis, and the expectation of a moderate chance of government backing. The stable outlook mirrors the outlook on the Italian government and Moody's view that the lender's financial profile and liability structure will stay broadly stable over the next 12 to 18 months, when Intesa may potentially acquire Banca Monte dei Paschi di Siena (BMPS.MI), or MPS.