Monte dei Paschi secures IG ratings for huge NPL deal

Banca Monte dei Paschi di Siena (MPS) said on Thursday that it had closed a securitization of €24.1bn of non-performing loans, with rating agencies deeming the senior tranche of the deal to be investment grade.

  • By Asad Ali
  • 11 May 2018
Monte dei Paschi said on Thursday, May 10 that it had completed a securitization of a €24.1bn portfolio of bad loans, with rating agencies deeming the €2.9bn senior tranche investment grade. The bank will retain the bulk of the deal, called Siena NPL 2018, but it could place ...

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3 Citi 9,751 23 10.76
4 Lloyds Bank 7,329 24 8.09
5 JP Morgan 6,580 10 7.26

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