Fitch Ratings attributed the downgrade of Intesa’s outlook rating to the downgrade of the outlook on Italyʼs sovereign rating of “BBB plus” to negative, which was announced in October, according to reports. 

At the same time, Fitch confirmed the long-term and short-term credit ratings of CIB Bank at “BBB minus/F3” and those of Banka Koper at “BBB/F2,” Hungarian news agency MTI reported, citing the Fitch announcement.