Standard & Poor's lowered ratings on several Italian banks

SAN FRANCISCO (MarketWatch)
Standard & Poor's lowered ratings on several Italian banks Wednesday following the credit rating agency's recent cut of the country's sovereign rating.
S&P lowered the long-term counterparty credit ratings of Mediobanca SpA , Findomestic Banca SpA, and Intesa Sanpaolo SpA  to A from A+.
The agency also cut the long-term counterparty credit ratings on BNP Paribas' , Italian unit Banca Nazionale del Lavoro SpA to A+ from AA-.
Also, S&P lowered the long-term issuer credit ratings on Cassa Depositi e Prestiti SpA to A from A+.
The ratings outlooks are negative.