Fitch affirms UniCredit

Fitch Ratings said it affirmed UniCredit SpA's long-term issuer default rating at BBB with a negative outlook and viability rating at bbb.

UniCredit's ratings reflect an expectation that the bank will continue to reduce its impaired loans, improve its operating profitability and maintain capitalization with satisfactory buffers over regulatory minimums, the agency explained.

The group's broad and diversified international franchise underpins our assessment of its company profile and has allowed good funding diversification to date, Fitch added.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.