In the context of Scope Ratings’ strategy of focussing on the needs of institutional investors, Scope will offer its unsolicited bank and covered bond credit ratings on a subscription basis only via its credit intelligence platform.

Scope has updated its issuer rating report on UniCredit SpA, rated A with stable outlook. The rating was last affirmed on 12 July 2019, when the Outlook was changed to Stable from Negative.

The Outlook change applies to the issuer ratings and other long-term ratings of Intesa, UniCredit and IBL. Short-term ratings have been affirmed with Stable Outlook.

Intesa and Unicredit’s Issuer Rating and other long-term ratings’ outlook affected; similar outlook adjustment for publicly rated IBL. Short-term ratings are affirmed with Stable Outlook.

Scope Ratings has updated its rating report on Unicredit, rated A with Stable Outlook.

Rating upgrades address new seniority ranking in resolution following passage of the 2018 Budget law, which introduces non-preferred senior debt in Italy.

Rating upgrade reflects Scope’s view of these banks’ reassuring liquidity dynamics, positively impacted by European supervisors’ enhanced focus on bank liquidity and funding.

Scope Ratings has updated its rating report on Unicredit SPA, rated A with Stable Outlook.

The new ratings reflect Unicredit’s improved capital base, asset quality indicators, and strategic reshape under the new top management team.

Scope’s rating action takes account of the improving credit fundamentals of Unicredit, including the completion of the capital increase on 2 March.