November 27, 2017 / 6:47 PM / in 19 days

BRIEF-DBRS cuts Ubi Banca rating to BBB from BBB (High)

Nov 27 (Reuters) - Unione Di Banche Italiane Spa:

* DBRS CUTS RATING ON ITALY‘S UBI BANCA TO BBB FROM BBB (HIGH), TREND NOW STABLE

* DOWNGRADE DRIVEN BY BANK‘S HIGH STOCK OF NON-PERFORMING EXPOSURES AND CHALLENGES TO IMPROVE PROFITABILITY Further company coverage: (Reporting by Milan newsroom)

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