Credit Ratings
A "rating" assigned by a rating agency (such as "Moody's", "Standard & Poor's" and "Fitch") represents an opinion on the credit standing and the likelihood of default of a rated entity (e.g. of a company, a bank, etc.) or a security (e.g. a bond).
Each rating agency uses its own methodology. Please find here an overview of the ratings used by rating agencies.
Description | Standard & Poor's | Moody's | Fitch ratings |
---|---|---|---|
Short Term Counterparty Credit Rating | A-2 | P-2 | F2 |
Long Term Counterparty Credit Rating | BBB | Baa1 | BBB+ |
Outlook | stable | stable | positive |
Standalone Rating | bbb+ | baa3 | bbb+ |
Issues | Standard & Poor's | Moody's | Fitch ratings |
---|---|---|---|
Covered Bonds (Italian OBGI/OBGII)* | AA- / n.r. | Aa3 / Aa3 | AA / n.r. |
Counterparty/Deposit rating** | BBB+ | Baa1 | A- |
EMTN (Senior Unsecured Preferred) | BBB | Baa1 | BBB+ |
Senior Non Preferred | BBB- | Baa3 | BBB |
Tier 2 | BB+ | Ba1 | BBB- |
Additional Tier I | n.r. | Ba3 | BB |
* Soft bullet. Conditional pass through.
** Rating shown: S&P: Resolution Counterparty Rating; Moody's: Long Term Counterparty Risk Rating and Deposits; Fitch: Deposits rating.
Download
- PDF | Download Standard & Poor's (1.81mb)
- PDF | Download Moody's Investor Service (195.04kb)
- PDF | Download Fitch Ratings (59.23kb)
Disclaimer
These rating agency reports constitute publicly accessible information. We have chosen to publish them on our website as an additional service for our shareholders and investors. These reports do not necessarily represent the opinion of UCG, nor should they be seen as a recommendation to buy UniCredit Bank shares. UniCredit Bank accepts no liability for the completeness, timeliness, accuracy or selection of such information.