The Rating Agency S&P Global Ratings (“S&P”) changed AO UniCredit Bank’s outlook to stable from negative.

The 'BBB-‘ long and ‘A-3'  short-term issuer credit ratings have been affirmed. The stand-alone credit profile (SACP) has been confirmed at ‘BB+’ as well.

The stable outlook on UniCredit Bank mirrors that on the Bank's ultimate parent, UniCredit SpA, and reflects S&P’s view that the Bank's SACP, as well as its importance to the Group, will remain broadly unchanged over the next 18-24 months.

For further details please see S&P’s corresponding press release on the rating agency website.