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Prospect News home > News index > List of issuers U > Headlines for Unione di Banche Italiane SpA > News item
Published on 8/12/2020 in the Prospect News Green Finance Daily, Prospect News High Yield Daily and Prospect News Investment Grade Daily.

Fitch upgrades UBI to BBB-

Fitch Ratings said it upgraded Unione di Banche Italiane SpA's (UBI) long-term issuer default rating to BBB- from BB+ and viability rating to bbb- from bb+.

“This follows the acquisition of 91% of the bank by Intesa SanPaolo SpA (IntesaSP, BBB-/stable). The IDRs and the VR have been removed from rating watch positive (RWP),” Fitch said in a press release.

Fitch assigned a stable outlook mirroring that of IntesaSP.


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