Standard&Poor's Takes Various Rating Actions On Four Italian Banks: UniCredit, MPS, Intesa, And Mediobanca - S&P Global Ratings’ Credit Research

Standard&Poor's Takes Various Rating Actions On Four Italian Banks: UniCredit, MPS, Intesa, And Mediobanca

Standard&Poor's Takes Various Rating Actions On Four Italian Banks: UniCredit, MPS, Intesa, And Mediobanca - S&P Global Ratings’ Credit Research
Standard&Poor's Takes Various Rating Actions On Four Italian Banks: UniCredit, MPS, Intesa, And Mediobanca
Published Oct 01, 2009
1837 words — Published Oct 01, 2009
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Abstract:

MILAN (Standard&Poor's) Oct. 1, 2009--Standard&Poor's Ratings Services today took rating actions on four Italian banks: UniCredit SpA. We affirmed the 'A/A-1' long- and short-term counterparty credit ratings. The outlook is stable. Intesa Sanpaolo SpA. We affirmed the 'AA-/A-1+' ratings. The outlook is negative. Banca Monte dei Paschi di Siena SpA (MPS). We lowered the ratings to 'A-/A-2' from 'A/A-1'. The outlook is stable. Mediobanca SpA. We affirmed the 'AA-/A-1+' ratings. The outlook is negative. UNICREDIT The affirmation follows UniCredit's announcement that it will launch a €4 billion capital increase in early 2010 to strengthen its capital. "We take a positive view of UniCredit's more prudent stance toward capital, which the bank adopted at end-2008 when it

  
Brief Excerpt:

RESEARCH Standard & Poor's Takes Various Rating Actions On Four Italian Banks: UniCredit, MPS, Intesa, And Mediobanca Publication date: 01-Oct-2009 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:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Standard&Poor's Takes Various Rating Actions On Four Italian Banks: UniCredit, MPS, Intesa, And Mediobanca" Oct 01, 2009. Alacra Store. May 10, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Standard-Poor-s-Takes-Various-Rating-Actions-On-Four-Italian-Banks-UniCredit-MPS-Intesa-And-Mediobanca-749608>
  
APA:
S&P Global Ratings’ Credit Research. (). Standard&Poor's Takes Various Rating Actions On Four Italian Banks: UniCredit, MPS, Intesa, And Mediobanca Oct 01, 2009. New York, NY: Alacra Store. Retrieved May 10, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Standard-Poor-s-Takes-Various-Rating-Actions-On-Four-Italian-Banks-UniCredit-MPS-Intesa-And-Mediobanca-749608>
  
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