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S&P affirmed UniCredit SpA's long- and short-term ratings despite assumed higher Credit Risk for Italian Banks

The rating agency Standard & Poor's ("S&P") has affirmed UniCredit SpA's 'BBB+/A2' long- and short-term ratings (outlook negative unchanged), although S&P assumes now a higher credit risk in the Italian economy. At the same time the "SACP" (Stand-Alone Credit Profile) has been revised to 'bbb+' as a direct consequence of S&P's changed economic assumptions.

UniCredit Leasing SpA's 'BBB+/A2' long- and short-term ratings with a negative outlook have also been affirmed.

 

The full text of Standard&Poor's press release is available on the rating agency website www.standardandpoors.com.

 

 

 

Milan, 6rd August  2012