Scope highlights sovereign exposure risk for Intesa
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Scope highlights sovereign exposure risk for Intesa

Scope Ratings, which in April announced its first ratings of European banks based on criteria that de-links bank credit ratings from their sovereigns, said in a report Wednesday that exposure to domestic sovereign debt poses a large credit risk to Italian and Spanish banks, pointing to sovereign exposures at BBVA, Santander, UniCredit and Intesa Sanpaolo.

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