Fitch confirms Intesa Sanpaolo's rating at 'A-' with a stable outlook

Fitch confirmed Intesa Sanpaolo's long-term issuer default rating at 'A-' with stable outlook.

The diversification of products and revenues, as well as the dominant position on the national market, give the bank an "exceptional solidity compared to national competitors. This translates into a resilient performance over the course of economic cycles. The ratings also reflect the strong collection and liquidity capacity, solid profitability and adequate capitalisation. The quality of assets is in line with that of European competitors and among the most solid in Southern Europe", we read in a note.