Creditreform Rating has revised its outlook on UniCredit Bank Ireland Plc to stable from watch negative and affirmed the rating of the bank at BBB-. Creditreform Rating has also affirmed the rating of the Additional Tier 1 Capital at B, the rating of Tier 2 Capital at BB- and the rating of Preferred Senior Unsecured Debt at BBB-. The rating of Non-Preferred Senior Unsecured Debt was affirmed at BB+. For more details regarding the rating, we refer to our rating report on our homepage.
Creditreform Rating has set the rating of all valid bank ratings and bank issues to watch negative due to the currently not assessable impact of the Corona Crisis. Not affected by this rating action are government related banks. We refer to the free available Monitoring Report for a more detailed explanation.
Creditreform Rating has affirmed the rating of UniCredit Bank Ireland Plc at BBB-. The outlook is stable. In addition, Creditreform Rating has affirmed the rating of Additional Tier 1 Capital at B, the rating of Tier 2 Capital at BB- and the rating of Preferred Senior Unsecured Debt (after reclassification from Senior Unsecured Debt) at BBB-. Moreover, the rating of Non-Preferred Senior Unsecured Debt was set to BB+.
Creditreform Rating AG has revised its rating methodology for the rating of "Bank Capital and Unsecured Debt Instruments". Henceforth, only the revised version of the rating methodology ("Version 2.0") will be applied. Moreover, all current ratings of bank capital and unsecured bank instruments will be reviewed as part of our current monitoring and receive therefore the rating supplement "watch". Our revised rating methodology can be found at www.creditreform-rating.de.
Creditreform Rating has set the rating of UniCredit Bank Ireland Plc to BBB-, with stable outlook. Creditreform Rating has also determined the ratings of the debt classes as follows. The rating of Additional Tier 1 was set to B, the rating of Tier 2 to BB- and the rating of the Senior Unsecured to BBB-.