Fitch downgrades ICCREA Holding to 'a';
Fitch ratings has downgraded Iccrea Holding SpA and its two main subsidiary banks, ICCREA Banca SpA and Banca Agrileasing Long-term Issuer Default Ratings to 'A-' from 'A'.
Fitch Ratings has downgraded Alliance & Leicester, saying the action reflects the lender's weak access to funding compared with higher rated banks.