According to Fitch Ratings, the proposed acquisition of a larger rival, Mediobanca, by Monte dei Paschi di Siena presents challenges for implementation. Fitch mentioned on Friday that if the bid by the Tuscan bank were successful, MPS' ratings would likely remain unchanged in the short term.
Fitch also highlighted concerns that Mediobanca might experience client and staff losses due to perceptions of MPS as a weaker and less specialized player in corporate investment banking and wealth management. The credit rating agency noted that while MPS plans to maintain a high level of autonomy for both brands, executing this strategy poses risks.