Five UniCredit Bank Ireland Notes Placed On CreditWatch Positive - S&P Global Ratings’ Credit Research

Five UniCredit Bank Ireland Notes Placed On CreditWatch Positive

Five UniCredit Bank Ireland Notes Placed On CreditWatch Positive - S&P Global Ratings’ Credit Research
Five UniCredit Bank Ireland Notes Placed On CreditWatch Positive
Published Sep 14, 2021
4 pages (1611 words) — Published Sep 14, 2021
Price US$ 150.00  |  Buy this Report Now

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Abstract:

S&PGR Places Five UniCredit Bank Ireland Notes On Watch Pos UniCredit SpA (UniCredit) and UniCredit Bank Ireland PLC (UniCredit Ireland) have announced their intention to transfer five rated senior unsecured notes to UniCredit Bank AG (UniCredit Bank) prior to the planned merger of UniCredit Ireland into UniCredit. Once the transaction is complete, UniCredit Bank will be registered as the issuer of the notes instead of UniCredit Ireland. We placed the rating on these notes on CreditWatch with positive implications. We expect to resolve the CreditWatch placement once the transfer to UniCredit Bank is complete. MILAN (S&P Global Ratings) Sept. 14, 2021--S&P Global Ratings today placed its 'BBB' rating on five senior unsecured notes, issued by UniCredit Ireland (not rated) and

  
Brief Excerpt:

...September 14, 2021 S&PGR Places Five UniCredit Bank Ireland Notes On Watch Pos - UniCredit SpA (UniCredit) and UniCredit Bank Ireland PLC (UniCredit Ireland) have announced their intention to transfer five rated senior unsecured notes to UniCredit Bank AG (UniCredit Bank) prior to the planned merger of UniCredit Ireland into UniCredit. - Once the transaction is complete, UniCredit Bank will be registered as the issuer of the notes instead of UniCredit Ireland. - We placed the rating on these notes on CreditWatch with positive implications. - We expect to resolve the CreditWatch placement once the transfer to UniCredit Bank is complete. MILAN (S&P Global Ratings) Sept. 14, 2021--S&P Global Ratings today placed its '###' rating on five senior unsecured notes, issued by UniCredit Ireland (not rated) and guaranteed by UniCredit (###/Stable/A-2), on CreditWatch with positive implications (see ratings list below). We have also withdrawn the rating on the senior unsecured note (ISIN XS0246240138),...

  
Report Type:

Ratings Action

Ticker
UC@IM
Issuer
GICS
Diversified Banks (40101010)
Sector
Global Issuers, Public Finance, Structured Finance
Country
Region
United States
Format:
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Five UniCredit Bank Ireland Notes Placed On CreditWatch Positive" Sep 14, 2021. Alacra Store. May 08, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Five-UniCredit-Bank-Ireland-Notes-Placed-On-CreditWatch-Positive-2720575>
  
APA:
S&P Global Ratings’ Credit Research. (). Five UniCredit Bank Ireland Notes Placed On CreditWatch Positive Sep 14, 2021. New York, NY: Alacra Store. Retrieved May 08, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Five-UniCredit-Bank-Ireland-Notes-Placed-On-CreditWatch-Positive-2720575>
  
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