Unipol Gruppo SpA (UNPI.MI)
19 Jan 2018
(The following statement was released by the rating agency) LONDON, November 29 (Fitch) Fitch Ratings has assigned Unipol Gruppo EUR500 million senior unsecured bond a 'BB+' rating. The bond has a 10-year maturity and carries a coupon of 3.5%. KEY RATING DRIVERS The senior bond is rated one notch below Unipol's Long-Term Issuer Default Rating (IDR) of 'BBB-', which has a Stable Outlook, to reflect below-average recovery expectation, in line with Fitch's notching criteria. The bond constitutes a
(The following statement was released by the rating agency) LONDON, November 22 (Fitch) This commentary replaces the version published on 3 November 2017 to clarify in the first paragraph the sequence of rating actions, in particular that Unipol Banca's Viability Rating (VR) was first downgraded to 'f' before being upgraded to 'b'. Fitch Ratings has downgraded Unipol Banca's VR to 'f' from 'ccc' and then upgraded it to 'b', and affirmed the bank's Long-Term Issuer Default Rating (IDR) at 'BB'. A
MILAN Italy's Banca Carige said on Thursday it had failed to secure underwriters for a 560-million-euro ($660-million) share issue, which is a key European Central Bank demand for the lender to safeguard its future.
BRIEF-Unipol Gruppo 9-month consolidated net loss, after the effects of banking sector restructuring plan, at EUR 229 million
* 9-MONTH CONSOLIDATED NET PROFIT EUR 551 MILLION VERSUS EUR 439 MILLION YEAR AGO
(The following statement was released by the rating agency) LONDON, November 03 (Fitch) Fitch Ratings has upgraded Unipol Banca's Viability Rating (VR) to 'b' from 'ccc' and affirmed the bank's Long-Term Issuer Default Rating (IDR) at 'BB'. A full list of rating actions is at the end of this rating action commentary. The upgrade follows the EUR900 million recapitalisation of the bank completed in July 2017 and Fitch's expectation that the planned disposal of the entire stock of doubtful loans w
MILAN, Sept 29 Insurer Unipol , which holds subordinated bonds worth 75 million euros issued by Banca Carige, intends to take up a debt swap offer launched by the troubled lender to help boost its capital base, a source close to Unipol said on Friday.
BRIEF-Unipol Gruppo Finanziario H1 consolidated net loss of EUR 390 million, after bank restructuring adjustments
* H1 CONSOLIDATED NET INCOME, INCLUDING THE EFFECTS OF THE RESTRUCTURING PLAN OF THE BANKING SECTOR, AMOUNTED TO LOSS OF EUR 390 MILLION