Skip to:
  1. Home
  2. Press & Media
  3. Press Releases - Price sensitive
  4. 2012
  5. Moody's ratings constrained by the recently downgraded sovereign although the stand-alone rating has been affirmed
Share this event on:
  • LinkedIn

Recomend this page

Thank you, we sent your recommendation to the desired recipient.

Sorry, this functionality is not available right now.
Please try with this link. Thank you.

Sender:

Recipient (e-mail address):

Moody's ratings constrained by the recently downgraded sovereign although the stand-alone rating has been affirmed

 

The rating agency Moody's has affirmed UniCredit SpA's 'C-' stand-alone rating ("Bank Financial Strength Rating" or "BFSR") still mapping to 'baa2'. Following the Italian sovereign downgrade to 'Baa2' (from 'A3') on Friday the 13th of July the stand-alone rating and long-term deposit and debt ratings are constrained at the same level 'Baa2' with negative outlook (from 'A3'). The short-term rating has been confirmed at 'Prime-2'. 

 

At the same time Moody's downgraded its long and short term rating on UniCredit Leasing to "Baa3/Prime-3" from "Baa2/Prime-2", keeping the negative outlook.

 

The full text of Moody's press release is available on the rating agency website www.moodys.com.

 

 

 

Milan, 17 July, 2012