Italian CSD Monte Titoli has retained its AA CSD rating form Thomas Murray. The overall rating is based on the weighted average of six risk factors including liquidity, financial and counterparty risk.
The methodology considered the capabilities of the depository and the quality and effectiveness of its operational infrastructure. It also assessed the depository’s willingness and ability to provide customer protection from losses. As part of the rating, the scope and quality of the depository’s services were also assessed.
Thomas Murray also issued a stable outlook for Monte Titoli, indicating that there are no significant changes in the marketplace that may alter the CSD’s overall risk in the next six to twelve months.
Paolo Cittadini, CEO, Monte Titoli said: “We are delighted to have retained our AA’ rating from Thomas Murray, which places Monte Titoli among the top ten highest-rated international CSDs. The rating forms part of our on-going risk assessment process to ensure that we continue to provide robust and safe depository services for our customers.”
(JDC)