...+ UniCredit SpA (Unicredit) has recently announced a strategic review led by its new CEO. + As part of the actions already launched to enhance its capital, the group disposed of a 10% stake in its Polish subsidiary Bank Polska Kasa Opieki S.A. (Pekao) on July 12, 2016. + We therefore consider that Pekao's strategic importance to the rest of the group has reduced. + We are affirming our long- and short-term ratings on Unicredit at '###-/A-3' and on Pekao at '###+/A-2'. + The outlook on Unicredit remains stable, and that on Pekao remains negative. MADRID (S&P Global Ratings) July 20, 2016--S&P Global Ratings today affirmed its '###-/A-3' long- and short-term counterparty credit ratings on UniCredit SpA (Unicredit). The outlook remains stable. At the same time, we affirmed the '###+/A-2' long- and short-term counterparty credit ratings on Bank Polska Kasa Opieki S.A. (Pekao). The outlook remains negative. The affirmations follow Unicredit's announcement that it has disposed of 10% of its controlling...
