Standard & Poor’s Aligns UniCredit SpA's Rating with Sovereign; Affirms Negative Outlook
UniCredit SpA announced that the Rating Agency Standard & Poor’s (S&P) has aligned UniCredit SpA’s ratings with that of the recently downgraded sovereign Italy (BBB long- and A2 short-term Issuer Default Rating). It is capped at the sovereign level due to S&P’s criteria. The SACP (= standalone) rating is unchanged at bbb+. The negative outlook is unchanged and mirroring that on the sovereign.
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