Skip to:
  1. Home
  2. Press & Media
  3. Press Releases - Price sensitive
  4. 2015
  5. UniCredit: Moody's upgraded UniCredit SpA to Baa1
Print
Send
Share this event on:
  • LinkedIn

Recomend this page

Thank you, we sent your recommendation to the desired recipient.

Sorry, this functionality is not available right now.
Please try with this link. Thank you.

Sender:

Recipient (e-mail address):

Cross

UniCredit: Moody's upgraded UniCredit SpA to Baa1

The rating agency Moody's has upgraded UniCredit SpA's long-term deposit and senior debt ratings to 'Baa1'(from 'Baa2') and affirmed the short-term 'Prime-2' ratings at the same time. This reflects the implementation of Moody's revised bank rating methodology and reduced likelihood of government support assumptions. The ratings carry a stable outlook and are one notch higher than Italy's 'Baa2'.
Subordinated debt has been upgraded to 'Ba1' (from 'Ba2').

 

Other entities of the UniCredit Group have also been impacted. UniCredit Leasing SpA's issuer ratings have been revised to 'Ba1/Not-Prime' with stable outlook (from 'Baa3/Prime-3') due to the elimination of government support.   


Please see the full text of Moody's press release on the rating agency website www.moodys.com for more details.

 

 

Milan, 22nd June 2015