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UniCredit Bank AG

Published May 30, 2014

5898 words — Published May 30, 2014

Price US$ 500.00 | Buy this Report Now

About This Report

Abstract:

Strong capital position. Sound domestic corporate franchise supported by Germany's relatively robust economy. Expected extraordinary government support based on the bank's high systemic importance in Germany, but the negative outlook also reflects the possible removal of government support by year-end 2015. Meaningful concentration in its corporate credit portfolio and complexity in its credit market-related business. Some tail risk in credit losses is not fully reflected in our capital considerations due to the beneficial cycle in Germany and strong operational interconnectedness with UniCredit group. Volatility in business flows that is inherent to its investment banking activity. The negative outlook indicates that we may lower the ratings on UniCredit Bank AG by year-end 2015 if we believe there is a greater likelihood

Brief Excerpt:

RESEARCH UniCredit Bank AG Publication date: 30-May-2014 Primary Credit Analyst: Harm Semder, Frankfurt (49) 69-33-999-158; harm.semder@standardandpoors.com Secondary Contact: Luigi Motti, Madrid (34) 91-788-7234; luigi.motti@standardandpoors.com...

Report Type:

Full Report

Ticker

HVM@GR

Issuer

UniCredit Bank AG

GICS

Diversified Banks (40101010)

Sector

Global Issuers, Public Finance, Structured Finance

Country

Germany

Region

United States

Format:

HTML

Research Update: Germany-Based UniCredit Bank 'A-/A-2' Ratings Affirmed Despite Parent Downgrade; Outlook Remains Negative – 2014/12/18 – US$ 225.00

Research Update: UniCredit Bank AG Downgraded To 'BBB' On Government Support Review, ALAC Criteria Implementation; Outlook Negative – 2015/06/09 – US$ 225.00

UniCredit Bank AG – 2015/06/23 – US$ 500.00

Summary: UniCredit Bank AG – 2015/06/23 – US$ 225.00

UniCredit Bank Public Sector Covered Bond Ratings Affirmed Following Revised Criteria Application; Outlook Negative – 2015/07/07 – US$ 150.00

Summary: UniCredit Bank AG – 2014/05/30 – US$ 225.00

Research Update: Ratings On Germany-Based UniCredit Bank Affirmed At 'A-/A-2' After Government Support Review; Outlook Remains Negative – 2014/04/30 – US$ 225.00

Transaction Update: UniCredit Bank AG Public-Sector Covered Bond Program – 2014/04/08 – US$ 375.00

Germany-Based UniCredit Bank AG's Public-Sector Covered Bonds 'AAA' Ratings Affirmed; Outlook Stable – 2014/04/04 – US$ 150.00

Bulletin: Rating And Outlook On Unicredit Bank AG Public Sector Covered Bond Program Unaffected By Bank Downgrade – 2013/10/17 – Free

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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.

About the Author

Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "UniCredit Bank AG" May 30, 2014. Alacra Store. May 07, 2025. <http://www.alacrastore.com/s-and-p-credit-research/UniCredit-Bank-AG-1324247>

APA:	S&P Global Ratings’ Credit Research. (). UniCredit Bank AG May 30, 2014. New York, NY: Alacra Store. Retrieved May 07, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/UniCredit-Bank-AG-1324247>

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