Germany-Based UniCredit Bank AG Upgraded To 'BBB+/A-2' On Improving Conditions At The Italian Parent; Outlook Developing - S&P Global Ratings’ Credit Research

Germany-Based UniCredit Bank AG Upgraded To 'BBB+/A-2' On Improving Conditions At The Italian Parent; Outlook Developing

Germany-Based UniCredit Bank AG Upgraded To 'BBB+/A-2' On Improving Conditions At The Italian Parent; Outlook Developing - S&P Global Ratings’ Credit Research
Germany-Based UniCredit Bank AG Upgraded To 'BBB+/A-2' On Improving Conditions At The Italian Parent; Outlook Developing
Published Nov 03, 2017
5 pages (2002 words) — Published Nov 03, 2017
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

Following the upgrade of UniCredit Bank AG's parent company UniCredit SpA (BBB/Stable/A-2) on Oct. 31, 2017, we consider the potential negative impact of the parent on the German subsidiary's creditworthiness has declined. We are raising our long-term rating on UniCredit Bank AG to 'BBB+' from 'BBB' and affirming our 'A-2' short-term rating. We are also raising by one notch our ratings on UniCredit Bank AG's senior unsecured debt and our ratings on the bank's and its subsidiaries' subordinated debt instruments. The developing outlook indicates that we could affirm, raise, or lower our ratings on the bank, depending on the resolution strategy decided for UniCredit Group. FRANKFURT (S&P Global Ratings) Nov. 3, 2017--S&P Global Ratings today raised its long-term issuer credit

  
Brief Excerpt:

...+ Following the upgrade of UniCredit Bank AG's parent company UniCredit SpA (###/Stable/A-2) on Oct. 31, 2017, we consider the potential negative impact of the parent on the German subsidiary's creditworthiness has declined. + We are raising our long-term rating on UniCredit Bank AG to '###+' from '###' and affirming our 'A-2' short-term rating. + We are also raising by one notch our ratings on UniCredit Bank AG's senior unsecured debt and our ratings on the bank's and its subsidiaries' subordinated debt instruments. + The developing outlook indicates that we could affirm, raise, or lower our ratings on the bank, depending on the resolution strategy decided for UniCredit Group. FRANKFURT (S&P Global Ratings) Nov. 3, 2017--S&P Global Ratings today raised its long-term issuer credit ratings on Germany-based UniCredit Bank AG and its subsidiary, UniCredit Luxembourg S.A. to '###+' from '###'. The outlooks on both banks are developing. We also affirmed our 'A-2' short-term issuer credit ratings...

  
Report Type:

Ratings Action

Ticker
HVM@GR
Issuer
UniCredit Bank GmbH
GICS
Diversified Banks (40101010)
Sector
Global Issuers, Public Finance, Structured Finance
Country
Germany
Region
United States
Format:
PDF Adobe Acrobat
Buy Now

More from S&P Global Ratings’ Credit Research

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.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Germany-Based UniCredit Bank AG Upgraded To 'BBB+/A-2' On Improving Conditions At The Italian Parent; Outlook Developing" Nov 03, 2017. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Germany-Based-UniCredit-Bank-AG-Upgraded-To-BBB-A-2-On-Improving-Conditions-At-The-Italian-Parent-Outlook-Developing-1942432>
  
APA:
S&P Global Ratings’ Credit Research. (). Germany-Based UniCredit Bank AG Upgraded To 'BBB+/A-2' On Improving Conditions At The Italian Parent; Outlook Developing Nov 03, 2017. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Germany-Based-UniCredit-Bank-AG-Upgraded-To-BBB-A-2-On-Improving-Conditions-At-The-Italian-Parent-Outlook-Developing-1942432>
  
US$ 150.00
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Residential Mortgage-Backed Securities from one place.