AO UniCredit Bank
Summary:
ZAO UniCredit Banks long- and short-term credit rating lowered to BBB-/A-3
Mon, 05/05/2014
Dear Client,
The international rating agency Standard & Poor’s has downgraded the long- and short-term credit rating of six Russian international financial groups’ subsidiaries, including ZAO UniCredit Bank. The ratings outlook is ‘negative’.
The downgrading of the ratings follows the lowering of Russia’s sovereign credit rating to BBB-/A-3
Impact on investors: For information purposes only.
Related Newsflash: Standard & Poor’s has Downgraded Russia’s Ratings