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UniCredit SpA: Fitch affirmed the ratings

The Rating Agency Fitch affirmed today UniCredit SpA's 'BBB+' long-term Issuer Default Rating with 'stable' Outlook, its 'F2' short-term rating and 'bbb+' Viability (i.e. standalone) Rating. Although the Support Rating and Supporting Rating Floor have been respectively revised to '5' (from '2') and to 'No Floor' (from 'BBB') as part of lowered expectations about sovereign support propensity for eurozone banks following further progress made in implementing the Bank Recovery and Resolution Directive (BRRD) and the Single Resolution Mechanism (SRM) for eurozone banks.

 

Other entities of the UniCredit group have also been impacted at the same time. 

 

Please see the full text of Fitch press release on the rating agency website www.fitchresearch.com for more details.  

 

 

 

Milan, 19th May 2015