Outlook On UniCredit Bank's Public Sector Covered Bonds Revised To Stable After Issuer Rating Action; Ratings Affirmed - S&P Global Ratings’ Credit Research

Outlook On UniCredit Bank's Public Sector Covered Bonds Revised To Stable After Issuer Rating Action; Ratings Affirmed

Outlook On UniCredit Bank's Public Sector Covered Bonds Revised To Stable After Issuer Rating Action; Ratings Affirmed - S&P Global Ratings’ Credit Research
Outlook On UniCredit Bank's Public Sector Covered Bonds Revised To Stable After Issuer Rating Action; Ratings Affirmed
Published Nov 09, 2017
4 pages (1487 words) — Published Nov 09, 2017
Price US$ 150.00  |  Buy this Report Now

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Abstract:

OVERVIEW On Nov. 3, 2017, we raised our long-term issuer credit ratings on UniCredit Bank. Consequently, we have revised to stable from negative our outlook on our ratings on UniCredit Bank's German public sector covered bonds. At the same time, we have affirmed our 'AAA' ratings on the program and related issuances. The stable outlook on the ratings reflects the one unused notch of collateral-based support. MADRID (S&P Global Ratings) Nov. 9, 2017--S&P Global Ratings today revised to stable from negative the outlook on its 'AAA' credit ratings on the public sector covered bonds ("oeffentliche Pfandbriefe") issued by Germany-based UniCredit Bank AG (BBB+/Developing/A-2). At the same time, we have affirmed our 'AAA' ratings on the covered bond program and related

  
Brief Excerpt:

...OVERVIEW + On Nov. 3, 2017, we raised our long-term issuer credit ratings on UniCredit Bank. + Consequently, we have revised to stable from negative our outlook on our ratings on UniCredit Bank's German public sector covered bonds. + At the same time, we have affirmed our '###' ratings on the program and related issuances. + The stable outlook on the ratings reflects the one unused notch of collateral-based support. MADRID (S&P Global Ratings) Nov. 9, 2017--S&P Global Ratings today revised to stable from negative the outlook on its '###' credit ratings on the public sector covered bonds ("oeffentliche Pfandbriefe") issued by Germany-based UniCredit Bank AG (###+/Developing/A-2). At the same time, we have affirmed our '###' ratings on the covered bond program and related issuances. Today's rating actions follow our Nov. 3, 2017, rating action on UniCredit Bank (see "Germany-Based UniCredit Bank AG Upgraded To '###+/A-2' On Improving Conditions At The Italian Parent; Outlook Developing")....

  
Report Type:

Ratings Action

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

  
MLA:
S&P Global Ratings’ Credit Research. "Outlook On UniCredit Bank's Public Sector Covered Bonds Revised To Stable After Issuer Rating Action; Ratings Affirmed" Nov 09, 2017. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Outlook-On-UniCredit-Bank-s-Public-Sector-Covered-Bonds-Revised-To-Stable-After-Issuer-Rating-Action-Ratings-Affirmed-1946532>
  
APA:
S&P Global Ratings’ Credit Research. (). Outlook On UniCredit Bank's Public Sector Covered Bonds Revised To Stable After Issuer Rating Action; Ratings Affirmed Nov 09, 2017. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Outlook-On-UniCredit-Bank-s-Public-Sector-Covered-Bonds-Revised-To-Stable-After-Issuer-Rating-Action-Ratings-Affirmed-1946532>
  
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