The toasts Stock Exchange deeply Atlas, Fitch the bowl – AGI – Agenzia Journalistic Italy

Rome – The Fund Atlante like the Stock Exchange that toasts initiative designed to help the capital increases and the management of bad debts of distressed institutions. After yesterday’s declines, Milan takes flight and closes with a rise of 4.13%, the pink jersey in Europe driven by its own credit titles: Unicredit + 10.60% + 8.31% Intesa Sanpaolo, Mediobanca +5 , 2%, + 11.47% BPER, BPM + 7.92%. Mps places a dell’11,77% leap to the Assembly and on the eve of press rumors that it would be about to give in bad loans for 220 million euro.

Meanwhile, the CDP has approved its membership the Fund with an amount up to 500 million euro. “I think this will be the solution, but we will see in the coming weeks,” said the prime minister, Matteo Renzi. To promote without reservation the operation is first and foremost the International Monetary Fund. “It ‘a step in the right direction to clean the balance sheets of Italian banks from suffering and help them raise capital,” stresses the head of the Department for Cities, Jose’ Vinals, who says to appreciate above all the “private” nature of the solution . “Italian banks”, he adds, “have come a long way in recent years” thanks to new measures introduced by the authorities.

Even the president of the four ‘good banks’, Roberto Nicastro is convinced that this is “an excellent solution that goes in the right direction for both incoming capital increases, both to strengthen the paraphernalia in a robust and important to address non-performing and problem loans.” According to the CEO of Intesa Sp, Carlo Messina, “what will happen ‘with this fund, if everything goes’ as it should, is that we can bring the sufferings of transfer value to the book value. If the government really does a measure of credit recovery acceleration will come ‘to a solution of’ game changer ‘in the system. “

instead Fitch is skeptical, that the Atlas fund” may face some risk of implementation. ” In particular, says the classification agency, “may need the approval of the European Commission and the fact that the Deposit and Loans can participate in the fund may be subject to testing for state aid.” In addition, it said in a report dedicated to the operation, there is a risk that the investment in the fund “will weaken the financial profile of the big banks” and their rating “may be further subjected to pressure, whether they will be called upon to continue to provide extraordinary support to the banking sector “. (AGI)