(Finance) – The rating agency Moody’s affirmed the rating of Senior Preferred (unsecured) debt and long-term deposits of UniCredit to “Baa1”, with a stable outlook.
At the same time, the rating agency stated that, “in the event of an acquisition of Commerzbank by UniCredit, will take into consideration the possibility of improving the rating stand-alone (Baseline Credit Assessment) of UniCredit, currently equal to Baa3, to Baa2″, one step above Italy’s sovereign rating. This “would also lead to a rating upgrade for senior non-preferred and junior debt.”