The rating agency Moody's has affirmed UniCredit SpA's Senior Preferred (unsecured) debt and long-term deposit ratings at Baa1, with a stable outlook.
At the same time, the rating agency stated that, in the event of UniCredit acquiring Commerzbank, it will consider the potential for UniCredit's stand-alone rating (Baseline Credit Assessment) currently at baa3 to be upgraded to baa2, one notch above Italy's sovereign rating. This would lead to higher ratings on senior non-preferred and junior debt as well.
For further details please refer to the corresponding press release on the website of the rating agency: www.moodys.com
Milan, 2 October 2024
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