by Monica Curti Ph.D.VP-Sr Credit OfficerMoody's Investor Service
On 6 April, a new government guarantee scheme for SMEs took effect in Italy. The programme will guarantee up to 25% of portfolios composed of bonds issued by small and medium-size enterprises (SMEs) and mid-caps (so called mini-bonds, a bond issued by an unlisted company that is generally less than around €40 million.1). The guarantee scheme will boost liquidity for SMEs and mid-caps, a credit positive for Italian SME ABS.
Banca del Mezzogiorno - Medio Credito Centrale S.p.A. (MCC, Baa3/Ba3, b12. . .
