Ratings On 11 Italian Banks Affirmed Under Revised FI Criteria - S&P Global Ratings’ Credit Research

Ratings On 11 Italian Banks Affirmed Under Revised FI Criteria

Ratings On 11 Italian Banks Affirmed Under Revised FI Criteria - S&P Global Ratings’ Credit Research
Ratings On 11 Italian Banks Affirmed Under Revised FI Criteria
Published Jan 31, 2022
15 pages (5354 words) — Published Jan 31, 2022
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About This Report

  
Abstract:

MILAN (S&P Global Ratings) Jan. 31, 2021--S&P Global Ratings today said it affirmed its issuer credit ratings (ICRs) and issue ratings on 11 Italian banks. This follows a revision to our criteria for rating banks and nonbank financial institutions and for determining a Banking Industry Country Risk Assessment (BICRA) (see "Financial Institutions Rating Methodology" and "Banking Industry Country Risk Assessment Methodology And Assumptions," both published Dec. 9, 2021). The affirmations include: Unicredit SpA, Intesa Sanpaolo SpA and its core subsidiary Fideuram Intesa Sanpaolo SpA, and Mediobanca SpA and its core subsidiary MB Lux Funding (ICR BBB/Positive/A-2; resolution counterparty rating BBB+/A-2) Fineco Bank and FCA Bank (ICR BBB/Positive/A-2) Istituto per il Credito Sportivo (ICR BBB-/Positive/A-3) Mediocredito Centrale (ICR BBB-/Negative/A-3) Banca Popolare

  
Brief Excerpt:

...January 31, 2022 MILAN (S&P Global Ratings) Jan. 31, 2021--S&P Global Ratings today said it affirmed its issuer credit ratings (ICRs) and issue ratings on 11 Italian banks. This follows a revision to our criteria for rating banks and nonbank financial institutions and for determining a Banking Industry Country Risk Assessment (BICRA) (see "Financial Institutions Rating Methodology" and "Banking Industry Country Risk Assessment Methodology And Assumptions," both published Dec. 9, 2021). The affirmations include: - Unicredit SpA, Intesa Sanpaolo SpA and its core subsidiary Fideuram Intesa Sanpaolo SpA, and Mediobanca SpA and its core subsidiary MB Lux Funding (ICR ###/Positive/A-2; resolution counterparty rating ###+/A-2) - Fineco Bank and FCA Bank (ICR ###/Positive/A-2) - Istituto per il Credito Sportivo (ICR ###-/Positive/A-3) - Mediocredito Centrale (ICR ###-/Negative/A-3) - Banca Popolare dell'Alto Adige Volksbank (##+/Stable/B) - Gruppo Bancario Coooperativo ICCREA (##/Stable/B) Our...

  
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:
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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.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Ratings On 11 Italian Banks Affirmed Under Revised FI Criteria" Jan 31, 2022. Alacra Store. May 08, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Ratings-On-11-Italian-Banks-Affirmed-Under-Revised-FI-Criteria-2788447>
  
APA:
S&P Global Ratings’ Credit Research. (). Ratings On 11 Italian Banks Affirmed Under Revised FI Criteria Jan 31, 2022. New York, NY: Alacra Store. Retrieved May 08, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Ratings-On-11-Italian-Banks-Affirmed-Under-Revised-FI-Criteria-2788447>
  
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