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Mainly Negative Rating Actions Taken On 37 Italian Financial Institutions On Sovereign Downgrade And BICRA Change

Published Feb 10, 2012

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About This Report

Abstract:

LONDON (Standard&Poor's) Feb. 10, 2012--Standard&Poor's Ratings Services today said it has lowered its ratings on 34 Italy-based financial institutions. The downgrades follow the lowering of the unsolicited long- and short-term sovereign credit ratings on the Republic of Italy (BBB+/Negative/A-2; see "Italy's Unsolicited Ratings Lowered To 'BBB+/A-2'; Outlook Negative," published Jan. 13, 2012, on RatingsDirect on the Global Credit Portal). They also reflect the revision of our Banking Industry Country Risk Assessment (BICRA) on Italy to group '4' from group '3', and of our economic risk and industry risk scores--both components of the BICRA--on Italy to '4' from '3' (see "BICRA On Italy Revised To Group '4' From Group '3' On Weakening Economic And Banking Industry Conditions,"

Report Type:

Ratings Action

Ticker

UC@IM

Issuer

UniCredit SpA

GICS

Diversified Banks (40101010)

Sector

Global Issuers, Public Finance, Structured Finance

Country

Italy

Region

United States

Format:

PDF

Rating Actions Taken On 32 Italian Financial Institutions On Increased Credit Risk In Italy's Economy – 2012/08/03 – US$ 150.00

Research Update: UniCredit SpA 'BBB+/A-2' Ratings Affirmed Despite Increased Credit Risk For Italian Banks; Outlook Negative – 2012/08/03 – US$ 225.00

Summary: UniCredit SpA – 2012/10/01 – US$ 225.00

UniCredit SpA – 2012/10/01 – US$ 500.00

Various Rating Actions Taken On Italian Banks – 2013/07/12 – US$ 150.00

Research Update: UniCredit And UniCredit Leasing Ratings Lowered To 'BBB+/A-2' On Italy Downgrade; Outlook Negative – 2012/02/10 – US$ 225.00

S&P Corrects By Lowering Subordinated Debt Ratings On Two UniCredit MTN Programs To 'BBB+'; Still On Watch Neg – 2012/01/13 – US$ 150.00

Research Update: UniCredit And Most Core Subsidiaries 'A/A-1' Ratings Placed On Watch Negative On Same Action On Italy – 2011/12/07 – US$ 225.00

Standard&Poor's Applies Revised Bank Criteria To 33 Italy-Based Banks – 2011/12/07 – US$ 150.00

Research Update: UniCredit And Most Core Subsidiaries 'A/A-1' Ratings Affirmed On Bank Criteria Change; Outlook Negative – 2011/11/29 – US$ 225.00

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Mainly Negative Rating Actions Taken On 37 Italian Financial Institutions On Sovereign Downgrade And BICRA Change" Feb 10, 2012. Alacra Store. May 09, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Mainly-Negative-Rating-Actions-Taken-On-37-Italian-Financial-Institutions-On-Sovereign-Downgrade-And-BICRA-Change-937154>

APA:	S&P Global Ratings’ Credit Research. (). Mainly Negative Rating Actions Taken On 37 Italian Financial Institutions On Sovereign Downgrade And BICRA Change Feb 10, 2012. New York, NY: Alacra Store. Retrieved May 09, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Mainly-Negative-Rating-Actions-Taken-On-37-Italian-Financial-Institutions-On-Sovereign-Downgrade-And-BICRA-Change-937154>

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