Research Update: Germany-Based UniCredit Bank AG Upgraded To 'BBB+/A-2' On Improving Conditions At The Italian Parent; Outlook Developing - S&P Global Ratings’ Credit Research

Research Update: Germany-Based UniCredit Bank AG Upgraded To 'BBB+/A-2' On Improving Conditions At The Italian Parent; Outlook Developing

Research Update: Germany-Based UniCredit Bank AG Upgraded To 'BBB+/A-2' On Improving Conditions At The Italian Parent; Outlook Developing - S&P Global Ratings’ Credit Research
Research Update: Germany-Based UniCredit Bank AG Upgraded To 'BBB+/A-2' On Improving Conditions At The Italian Parent; Outlook Developing
Published Nov 03, 2017
7 pages (2261 words) — Published Nov 03, 2017
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

Following the upgrade of UniCredit Bank AG's parent company UniCredit SpA (BBB/Stable/A-2) on Oct. 31, 2017, we consider the potential negative impact of the parent on the German subsidiary's creditworthiness has declined. We are raising our long-term rating on UniCredit Bank AG to 'BBB+' from 'BBB' and affirming our 'A-2' short-term rating. We are also raising by one notch our ratings on UniCredit Bank AG's senior unsecured debt and our ratings on the bank's and its subsidiaries' subordinated debt instruments. The developing outlook indicates that we could affirm, raise, or lower our ratings on the bank, depending on the resolution strategy decided for UniCredit Group. On Nov. 3, 2017, S&P Global Ratings raised its long-term issuer credit ratings on Germany-based

  
Brief Excerpt:

...Following the upgrade of UniCredit Bank AG's parent company UniCredit SpA (###/Stable/A-2) on Oct. 31, 2017, we consider the potential negative impact of the parent on the German subsidiary's creditworthiness has declined....

  
Report Type:

Research Update

Ticker
HVM@GR
Issuer
UniCredit Bank GmbH
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. "Research Update: Germany-Based UniCredit Bank AG Upgraded To 'BBB+/A-2' On Improving Conditions At The Italian Parent; Outlook Developing" Nov 03, 2017. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Germany-Based-UniCredit-Bank-AG-Upgraded-To-BBB-A-2-On-Improving-Conditions-At-The-Italian-Parent-Outlook-Developing-1942433>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Germany-Based UniCredit Bank AG Upgraded To 'BBB+/A-2' On Improving Conditions At The Italian Parent; Outlook Developing Nov 03, 2017. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Germany-Based-UniCredit-Bank-AG-Upgraded-To-BBB-A-2-On-Improving-Conditions-At-The-Italian-Parent-Outlook-Developing-1942433>
  
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