The Rating Agency Moody's has upgraded UniCredit SpA's stand-alone rating to 'baa3' (from 'ba1').
With that, the bank's Senior Non-Preferred debt rating and bank's Tier 2 rating have also been upgraded to 'Baa2' (from 'Baa3') and 'Baa3' (from 'Ba1') respectively.
At the same time, Moody's has affirmed the bank's long-term senior debt and deposit rating at 'Baa1/P-2'. UniCredit SpA remains rated two notches above Italian sovereign.
The outlook has been affirmed at stable.
For further details please see Moody's corresponding press release on the rating agency website www.moodys.com.
Milan, 18 July 2019
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