trending Market Intelligence /marketintelligence/en/news-insights/trending/jlzyeR2RKSeFDvHqrkZg-A2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Fitch acts on Unipol Banca following acquisition by BPER Banca

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible

Fitch acts on Unipol Banca following acquisition by BPER Banca

Fitch Ratings on Aug. 7 downgraded Unipol Banca SpA's long-term issuer default and deposit ratings to BB from BB+, following the completion of its acquisition by BPER Banca SpA.

The ratings were removed from Rating Watch Negative. The outlook on the long-term issuer default rating is positive. At the same time, the agency maintained Unipol Banca's "b" viability rating on Rating Watch Positive and affirmed its B short-term issuer default rating and 3 support rating.

Fitch noted that BPER's purchase of Unipol Banca from Unipol Gruppo SpA resulted in a change of institutional support provided to the unit and a subsequent downgrade of its long-term issuer default rating.

Unipol Banca's rating and positive outlook are now aligned with BPER's, reflecting that the former will become an integral part of the latter, the agency noted, adding that it expects to withdraw Unipol Banca's ratings once its merger into BPER is completed, expected by 2019-end, as it will cease to exist as a separate legal entity.