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Fitch affirms, withdraws Unipol Banca's ratings

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Fitch affirms, withdraws Unipol Banca's ratings

Fitch Ratings on Sept. 27 affirmed Unipol Banca SpA's BB long-term issuer default and deposit ratings and B short-term issuer default ratings, with a positive outlook on the long-term issuer default rating.

At the same time, the rating agency maintained the bank's "b" viability rating on Rating Watch Positive and affirmed its 3 support rating.

Fitch simultaneously withdrew all of the bank's ratings, citing commercial reasons.