Fitch Ratings has affirmed UniCredit SpA's Long-Term Issuer Default Rating (IDR) and Senior Preferred rating at 'BBB+' with a positive outlook.
The rating therefore remains one notch above the Italian sovereign.
The rating action follows UniCredit's exchange offer on Banco BPM. Fitch Ratings expects that a potential transaction with Banco BPM would not alter the group's credit profile to an extent that would affect its ratings.
All other ratings on UniCredit SpA were also affirmed by the rating agency.
For further details please refer to Fitch Ratings' corresponding press release on the website of the rating agency: www.fitchratings.com
Milan, 2 December 2024
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