Research Update: UniCredit Bank And UniCredit Austria Affirmed At 'BBB+/A-2' On Changes To The Group's Structure; Outlooks Still Negative - S&P Global Ratings’ Credit Research

Research Update: UniCredit Bank And UniCredit Austria Affirmed At 'BBB+/A-2' On Changes To The Group's Structure; Outlooks Still Negative

Research Update: UniCredit Bank And UniCredit Austria Affirmed At 'BBB+/A-2' On Changes To The Group's Structure; Outlooks Still Negative - S&P Global Ratings’ Credit Research
Research Update: UniCredit Bank And UniCredit Austria Affirmed At 'BBB+/A-2' On Changes To The Group's Structure; Outlooks Still Negative
Published Dec 12, 2019
6 pages (2741 words) — Published Dec 12, 2019
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

On Dec. 3, 2019, UniCredit revealed its new multi-year plan, reiterating its commitment to implement a single point of entry resolution strategy based on a slightly adjusted group structure. We believe that, once implemented, the strategy could lead us to synchronize the creditworthiness of UniCredit Bank and UniCredit Bank Austria with the Italian parent UniCredit SpA. Until then, we are affirming our 'BBB+/A-2' ratings on both entities. The negative outlooks indicate that we could lower our ratings once full details of the resolution strategy for UniCredit group are available, and the group takes action to implement it effectively. On Dec. 12, 2019, S&P Global Ratings affirmed its 'BBB+/A-2' long- and short-term issuer ratings on UniCredit Bank AG and UniCredit Bank

  
Brief Excerpt:

...- On Dec. 3, 2019, UniCredit revealed its new multi-year plan, reiterating its commitment to implement a single point of entry resolution strategy based on a slightly adjusted group structure. - We believe that, once implemented, the strategy could lead us to synchronize the creditworthiness of UniCredit Bank and UniCredit Bank Austria with the Italian parent UniCredit SpA. - Until then, we are affirming our '###+/A-2' ratings on both entities. - The negative outlooks indicate that we could lower our ratings once full details of the resolution strategy for UniCredit group are available, and the group takes action to implement it effectively....

  
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: UniCredit Bank And UniCredit Austria Affirmed At 'BBB+/A-2' On Changes To The Group's Structure; Outlooks Still Negative" Dec 12, 2019. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-UniCredit-Bank-And-UniCredit-Austria-Affirmed-At-BBB-A-2-On-Changes-To-The-Group-s-Structure-Outlooks-Still-Negative-2357058>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: UniCredit Bank And UniCredit Austria Affirmed At 'BBB+/A-2' On Changes To The Group's Structure; Outlooks Still Negative Dec 12, 2019. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-UniCredit-Bank-And-UniCredit-Austria-Affirmed-At-BBB-A-2-On-Changes-To-The-Group-s-Structure-Outlooks-Still-Negative-2357058>
  
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