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Provider: Reuters Investment Profile
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Standard & Poor’s Lowers Unione di Banche Italiane ScpA's Ratings

Wednesday, 24 Jul 2013 01:28pm EDT 

Unione di Banche Italiane ScpA announced that as a consequence of S&P’s perception of heightened economic and industry risks for banks operating in Italy, which negatively impacted the Anchor Sacp (Stand Alone Credit Profile) - the starting point for assigning ratings - of the Italian banking system, Standard & Poor’s has lowered by one notch all Unione di Banche Italiane ratings (to BBB-/A-3) with Negative outlook. 

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