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Research Update: UniCredit And UniCredit Leasing Ratings Lowered To 'BBB+/A-2' On Italy Downgrade; Outlook Negative

Published Feb 10, 2012

2077 words — Published Feb 10, 2012

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Abstract:

On Jan. 13, 2012, Standard&Poor's lowered its unsolicited long- and short-term sovereign credit ratings on the Republic of Italy to 'BBB+/A-2' from A/A-1, assigned a negative outlook, and removed the ratings from CreditWatch negative. We have revised our Banking Industry Country Risk Assessment (BICRA) on Italy to group '4' from group '3', and our economic risk and industry risk scores on Italy to '4' from '3'. We are lowering our long- and short-term ratings on UniCredit SpA and its "core" subsidiary UniCredit Leasing SpA to 'BBB+/A-2' from 'A/A-1' and removing them from CreditWatch negative. The negative outlook reflects the possibility that we could lower the ratings on UniCredit and UniCredit Leasing if we lower our ratings on the

Brief Excerpt:

RESEARCH Research Update: UniCredit And UniCredit Leasing Ratings Lowered To '###+/A-2' On Italy Downgrade; Outlook Negative Publication date: 10-Feb-2012 Overview On Jan. 13, 2012, Standard & Poor's lowered its unsolicited long-...

Report Type:

Research Update

Ticker

UC@IM

Issuer

UniCredit SpA

GICS

Diversified Banks (40101010)

Sector

Global Issuers, Public Finance, Structured Finance

Country

Italy

Region

United States

Format:

HTML

Rating Actions Taken On 32 Italian Financial Institutions On Increased Credit Risk In Italy's Economy – 2012/08/03 – US$ 150.00

Research Update: UniCredit SpA 'BBB+/A-2' Ratings Affirmed Despite Increased Credit Risk For Italian Banks; Outlook Negative – 2012/08/03 – US$ 225.00

Summary: UniCredit SpA – 2012/10/01 – US$ 225.00

UniCredit SpA – 2012/10/01 – US$ 500.00

Various Rating Actions Taken On Italian Banks – 2013/07/12 – US$ 150.00

Mainly Negative Rating Actions Taken On 37 Italian Financial Institutions On Sovereign Downgrade And BICRA Change – 2012/02/10 – US$ 150.00

S&P Corrects By Lowering Subordinated Debt Ratings On Two UniCredit MTN Programs To 'BBB+'; Still On Watch Neg – 2012/01/13 – US$ 150.00

Research Update: UniCredit And Most Core Subsidiaries 'A/A-1' Ratings Placed On Watch Negative On Same Action On Italy – 2011/12/07 – US$ 225.00

Standard&Poor's Applies Revised Bank Criteria To 33 Italy-Based Banks – 2011/12/07 – US$ 150.00

Research Update: UniCredit And Most Core Subsidiaries 'A/A-1' Ratings Affirmed On Bank Criteria Change; Outlook Negative – 2011/11/29 – US$ 225.00

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Research Update: UniCredit And UniCredit Leasing Ratings Lowered To 'BBB+/A-2' On Italy Downgrade; Outlook Negative" Feb 10, 2012. Alacra Store. May 09, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-UniCredit-And-UniCredit-Leasing-Ratings-Lowered-To-BBB-A-2-On-Italy-Downgrade-Outlook-Negative-936839>

APA:	S&P Global Ratings’ Credit Research. (). Research Update: UniCredit And UniCredit Leasing Ratings Lowered To 'BBB+/A-2' On Italy Downgrade; Outlook Negative Feb 10, 2012. New York, NY: Alacra Store. Retrieved May 09, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-UniCredit-And-UniCredit-Leasing-Ratings-Lowered-To-BBB-A-2-On-Italy-Downgrade-Outlook-Negative-936839>

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