The American rating agency Moody's confirmed its rating on Unicredit: Baa1, with a stable outlook. This was communicated by the Italian banking group, specifying that Moody's also reaffirmed the Prime-2 short-term rating and the ba1 rating on the BCA (standalone baseline credit assessment).
The agency's decision reflects the idea that the forthcoming 13 billion euro capital increase, combined with the reduction of problems related to non-performing loans and an increase in provisions, put the bank in a better position to face the challenges awaiting the Italian credit market.
