Thomas Murray has issued a public depository rating to Monte Titoli S.p.A..
Monte Titoli has been awarded a Public CSD rating of ‘AA’, representing very low risk overall.
Monte Titoli is the sole depository for all eligible securities in Italy. It is run on sound operating principles and good control measures are in place, Thomas Murray says.
“Monte Titoli has sound risk management controls and processes that work well within the Italian marketplace and is a progressive depository that is well-supported by market participants,” says Simon Thomas, CEO and chief ratings officer of Thomas Murray. “Overall, the rating reflects Monte Titoli’s capabilities and commitment to mitigating risk in the Italian securities marketplace and places it within the top tier of CSDs based on Thomas Murray’s rating methodology.”