(Finance) – The S&P rating agency has aligned the outlook from positive to stable by Unicredit to that of the Italian sovereign debt. The bank’s long-term ‘BBB’ and short-term ‘A-2’ ratings confirmed.
The same agency also reiterated the long-term senior preferred (unsecured) rating of Intesa Sanpaolo to BBB and revised its outlook from positive to stable. The short-term rating was confirmed at A-2. The revision of the outlook follows the similar one regarding the outlook for Italy announced by S&P on 26 July.
For the same reason, the S&P Global Ratings agency also confirmed the long-term ‘BBB’ rating of FinecoBank and revised the positive outlook from positive to neutral, maintaining the short-term rating of ‘A-2’.