MILAN (SP Global Ratings) Nov. 16, 2016--S&P Global Ratings said today that it has lowered to 'BBB-' from 'BBB' its issue credit rating on the following senior unsecured notes: US$215.4 mil zero cpn med-term nts ser 308 due 06/14/2017 (ISIN: XS0305945338) US$22.0 mil 1.615% med-term nts ser 472 due 10/20/2017 (ISIN: XS1123753334) €1.0 bil var rate med-term nts ser 352 due 07/31/2017 (ISIN: XS0379307258) €40.0 mil 2.03% med-term nts ser 456 due 04/09/2018 (ISIN: XS1055204504) €10.0 mil 1.28% med-term nts ser 459 due 05/08/2017 (ISIN: XS1064834937) €30.0 mil fltg rate med-term nts ser 465 due 07/11/2019 (ISIN: XS1086775621) The downgrade reflects the recent transfer of the notes to UniCredit SpA from UniCredit Bank Austria AG. As a result of the