Fitch Ratings has upgraded UniCredit SpA's Long-Term Issuer Default Rating (IDR) and Senior Preferred rating by one notch to 'A-' and assigned a Stable outlook. The rating is one notch above the Italian sovereign.
According to Fitch, the geographic diversification in well-performing or growing economies and the very strong loss absorption capacity put UniCredit in an exceptional position of strength relative to domestic peers, while the diversification also supports through-the-cycle performance.
The Viability Rating (i.e. standalone rating) has been upgraded to 'a-', while the corresponding long-term deposit, Senior Non-Preferred, Tier 2, and Additional Tier 1 ratings have all been upgraded by one notch.
The Short-Term Deposit rating has been upgraded to 'F1', while the Short-Term Issuer Default Rating has been affirmed at 'F2'.
For further details please refer to Fitch Ratings' corresponding press release on the website of the rating agency: www.fitchratings.com
Milan, 25 September 2025
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