On Oct. 10, 2006, Standard&Poor's Ratings Services revised its outlook on Italy-based bank UniCredito Italiano SpA (UniCredito) and subsidiary Unicredit Banca d'Impresa SpA (UBI) to stable from negative and affirmed its 'A+' long-term and 'A-1' short-term counterparty credit ratings on both entities. Standard&Poor's also revised to stable from negative its outlook on leasing subsidiary Locat SpA and affirmed its 'A' long-term and 'A-1' short-term counterparty credit ratings on the company. The outlook revision on UniCredito and its subsidiaries reflects the prospective maintenance of solid business and financial profiles. The ratings on UniCredito continue to be supported by its strong business and geographic diversification in the group's core markets of Italy, Germany, and Austria; a strategic presence
