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Ratings Assigned In UniCredit SpA's Italian Covered Bonds Series 2008-1 To 2008-5

Published Oct 28, 2008

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Abstract:

MILAN (Standard&Poor's) Oct. 28, 2008—Standard&Poor's Ratings Services said today that it has assigned its credit ratings to the €20 billion " Obbligazioni Bancarie Garantite" program from UniCredit SpA (UniCredit), and to the first five series of mortgage-OBG issuance (series 2008-1, 2008-2, 2008-3, 2008-4, and 2008-5) out of the program (see list below). We assigned the 'AAA' rating to the program on Oct. 15. It reflects our expectation of timely payment of interest and repayment of principal on or before a date falling one year after the scheduled final maturity date. It also reflects the issuance terms and cash flow mechanics of the program, as well as our credit and cash flow analysis to verify that the

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:

HTML

Summary: UniCredit SpA – 2008/12/09 – US$ 225.00

UniCredit And Related Entities Long-Term Ratings Lowered By One Notch; Outlook Stable – 2009/03/18 – US$ 150.00

Research Update: UniCredit And Related Entities Long-Term Ratings Lowered By One Notch; Outlook Stable – 2009/03/18 – US$ 225.00

Summary: UniCredit SpA – 2009/04/27 – US$ 225.00

UniCredit SpA – 2009/04/27 – US$ 500.00

UniCredit SpA Outlook Revised To Negative On Earnings Revision; 'A+/A-1' Ratings Affirmed – 2008/10/06 – US$ 150.00

Research Update: UniCredit SpA Outlook Revised To Negative On Earnings Revision; 'A+/A-1' Ratings Affirmed – 2008/10/06 – US$ 225.00

Summary: UniCredit SpA – 2008/07/16 – US$ 225.00

UniCredito Italiano SpA – 2008/04/29 – US$ 500.00

Summary: UniCredito Italiano SpA – 2008/04/29 – US$ 225.00

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Ratings Assigned In UniCredit SpA's Italian Covered Bonds Series 2008-1 To 2008-5" Oct 28, 2008. Alacra Store. May 10, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Ratings-Assigned-In-UniCredit-SpA-s-Italian-Covered-Bonds-Series-2008-1-To-2008-5-679493>

APA:	S&P Global Ratings’ Credit Research. (). Ratings Assigned In UniCredit SpA's Italian Covered Bonds Series 2008-1 To 2008-5 Oct 28, 2008. New York, NY: Alacra Store. Retrieved May 10, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Ratings-Assigned-In-UniCredit-SpA-s-Italian-Covered-Bonds-Series-2008-1-To-2008-5-679493>

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