The affirmation reflects the strong position in Italian PDL market, growing diversification, supportive earnings capacity and risk exposures, and adequate funding and solvency profile.

Scope Ratings has updated its report on Italy-based IBL Banca SpA, rated BBB with Stable Outlook.

Rating affirmation reflects strong position in Italian PDL market, supportive earnings capacity and risk exposures, and adequate funding and solvency profile.

Scope Ratings has updated its issuer rating report on Istituto Bancario del Lavoro (IBL).

The Stable Outlook reflects Scope’s view that IBL will be able to mitigate margin pressure from rising funding costs.

Scope Ratings has updated its analytical report on IBL, rated BBB with a Stable Outlook.

The Stable Outlook reflects the balance of risks and opportunities associated with the new strategic direction.

The Stable Outlook reflects the bank's business model resilience in economic downturns and solid profitability.

The short-term rating has a Stable Outlook.

The report details the rating drivers and change drivers, following the affirmation of the BBB rating on July 21, with stable outlook.