The rating agency Moody's affirmed UniCredit SpA's Baa2 long-term debt and deposit ratings and its Prime-2 short term ratings. At the same time, Moody's lowered the "baseline credit assessment" to baa3 from baa2, which resulted in a downgrade of subordinated debt. The negative outlook is unchanged.
The full text of Moody's press release is available on the rating agency website www.moodys.com
Milan, July 16, 2013