Research Update: Unione di Banche Italiane Rating Lowered To 'BBB+' After Sovereign Downgrade And Revised BICRA On Italy; Outlook Neg - S&P Global Ratings’ Credit Research

Research Update: Unione di Banche Italiane Rating Lowered To 'BBB+' After Sovereign Downgrade And Revised BICRA On Italy; Outlook Neg

Research Update: Unione di Banche Italiane Rating Lowered To 'BBB+' After Sovereign Downgrade And Revised BICRA On Italy; Outlook Neg - S&P Global Ratings’ Credit Research
Research Update: Unione di Banche Italiane Rating Lowered To 'BBB+' After Sovereign Downgrade And Revised BICRA On Italy; Outlook Neg
Published Feb 10, 2012
Published Feb 10, 2012
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

On Jan. 13, 2012, Standard&Poor's lowered its unsolicited sovereign credit ratings on the Republic of Italy to 'BBB+/A-2' from 'A/A-1', and removed these ratings from CreditWatch negative. We have revised our Banking Industry Country Risk Assessment (BICRA) for Italy to group '4' from group '3', and our economic risk and industry risk scores for Italy to '4' from '3'. We are lowering our long-term rating on Italy-based Unione di Banche Italiane Scpa (UBI) to 'BBB+' from 'A-' and removing it from CreditWatch negative. The negative outlook on UBI reflects the possibility that we could lower the ratings should we lower our ratings on the Republic of Italy, or should the domestic economy and bank industry environment weaken further.

  
Report Type:

Research Update

Ticker
BPU@IM
Issuer
UBI Banca SpA
GICS
Diversified Banks (40101010)
Sector
Global Issuers, 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. "Research Update: Unione di Banche Italiane Rating Lowered To 'BBB+' After Sovereign Downgrade And Revised BICRA On Italy; Outlook Neg" Feb 10, 2012. Alacra Store. May 19, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Unione-di-Banche-Italiane-Rating-Lowered-To-BBB-After-Sovereign-Downgrade-And-Revised-BICRA-On-Italy-Outlook-Neg-936835>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Unione di Banche Italiane Rating Lowered To 'BBB+' After Sovereign Downgrade And Revised BICRA On Italy; Outlook Neg Feb 10, 2012. New York, NY: Alacra Store. Retrieved May 19, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Unione-di-Banche-Italiane-Rating-Lowered-To-BBB-After-Sovereign-Downgrade-And-Revised-BICRA-On-Italy-Outlook-Neg-936835>
  
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