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S&P Corrects By Lowering Subordinated Debt Ratings On Two UniCredit MTN Programs To 'BBB+'; Still On Watch Neg

Published Jan 13, 2012

1011 words — Published Jan 13, 2012

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Abstract:

MILAN (Standard&Poor's) Jan. 13, 2012--Standard&Poor's Ratings Services today said it lowered its long-term subordinated debt rating on the €60 billion medium-term note program of Italian bank UniCredit SpA (UniCredit; A/Watch Neg/A-1) to 'BBB+' from 'A-'. The subordinated debt rating on the $10 billion medium-term note program issued by subsidiary UniCredit Luxembourg Finance S.A. and guaranteed by UniCredit SpA was also lowered to 'BBB+' from 'A-'. Both ratings remain on CreditWatch with negative implications, where they were placed on Dec. 7, 2011. Due to an error the ratings on the programs were not lowered at the time of our latest rating action on UniCredit on Dec. 7, 2011. RELATED CRITERIA AND RESEARCH UniCredit And Most Core Subsidiaries

Brief Excerpt:

RESEARCH S&P Corrects By Lowering Subordinated Debt Ratings On Two UniCredit MTN Programs To '###+'; Still On Watch Neg Publication date: 13-Jan-2012 Primary Credit Analyst: Renato Panichi, Milan (39) 02 72111-215; renato_panichi@standardandpoors.com...

Report Type:

Ratings Action

Ticker

UC@IM

Issuer

UniCredit SpA

GICS

Diversified Banks (40101010)

Sector

Global Issuers, Public Finance, Structured Finance

Country

Italy

Region

United States

Format:

HTML

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "S&P Corrects By Lowering Subordinated Debt Ratings On Two UniCredit MTN Programs To 'BBB+'; Still On Watch Neg" Jan 13, 2012. Alacra Store. May 09, 2025. <http://www.alacrastore.com/s-and-p-credit-research/S-P-Corrects-By-Lowering-Subordinated-Debt-Ratings-On-Two-UniCredit-MTN-Programs-To-BBB-Still-On-Watch-Neg-930377>

APA:	S&P Global Ratings’ Credit Research. (). S&P Corrects By Lowering Subordinated Debt Ratings On Two UniCredit MTN Programs To 'BBB+'; Still On Watch Neg Jan 13, 2012. New York, NY: Alacra Store. Retrieved May 09, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/S-P-Corrects-By-Lowering-Subordinated-Debt-Ratings-On-Two-UniCredit-MTN-Programs-To-BBB-Still-On-Watch-Neg-930377>

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