UniCredit SpA's Italian Mortgage Covered Bonds Outlook Revised To Positive On Sovereign Outlook Change; Ratings Affirmed - S&P Global Ratings’ Credit Research

UniCredit SpA's Italian Mortgage Covered Bonds Outlook Revised To Positive On Sovereign Outlook Change; Ratings Affirmed

UniCredit SpA's Italian Mortgage Covered Bonds Outlook Revised To Positive On Sovereign Outlook Change; Ratings Affirmed - S&P Global Ratings’ Credit Research
UniCredit SpA's Italian Mortgage Covered Bonds Outlook Revised To Positive On Sovereign Outlook Change; Ratings Affirmed
Published Oct 28, 2021
4 pages (1606 words) — Published Oct 28, 2021
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

On Oct. 22, 2021, we affirmed our unsolicited 'BBB/A-2' long- and short-term sovereign credit ratings on Italy, and revised the outlook on the ratings to positive from stable. Following this rating action and the application of our criteria, we have affirmed our 'AA-' ratings on UniCredit SpA's mortgage covered bonds. We have also revised the outlook on the ratings to positive from stable. Our outlook on the covered bond ratings reflects the positive outlook on our unsolicited long-term rating on Italy. MILAN (S&P Global Ratings) Oct. 28, 2021--S&P Global Ratings today revised to positive from stable its outlook on the credit ratings on UniCredit SpA's mortgage covered bond program and related issuances ("obbligazioni bancarie garantite"). We have also affirmed our

  
Brief Excerpt:

...UniCredit SpA's Italian Mortgage Covered Bonds Outlook Revised To Positive On Sovereign Outlook Change; Ratings Affirmed...

  
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:
PDF Adobe Acrobat
Buy Now

More from S&P Global Ratings’ Credit Research

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 SpA's Italian Mortgage Covered Bonds Outlook Revised To Positive On Sovereign Outlook Change; Ratings Affirmed" Oct 28, 2021. Alacra Store. May 08, 2025. <http://www.alacrastore.com/s-and-p-credit-research/UniCredit-SpA-s-Italian-Mortgage-Covered-Bonds-Outlook-Revised-To-Positive-On-Sovereign-Outlook-Change-Ratings-Affirmed-2746229>
  
APA:
S&P Global Ratings’ Credit Research. (). UniCredit SpA's Italian Mortgage Covered Bonds Outlook Revised To Positive On Sovereign Outlook Change; Ratings Affirmed Oct 28, 2021. New York, NY: Alacra Store. Retrieved May 08, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/UniCredit-SpA-s-Italian-Mortgage-Covered-Bonds-Outlook-Revised-To-Positive-On-Sovereign-Outlook-Change-Ratings-Affirmed-2746229>
  
US$ 150.00
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Residential Mortgage-Backed Securities from one place.