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Summary: Bank Austria Creditanstalt AG Apr 07

  • ID: 1830989
  • April 2007
  • Region: Austria
  • Standard & Poors
1 of 3

FEATURED COMPANIES

  • UniCredit Bank AG
  • UniCredit Bank Austria AG
  • UniCredit SpA
  • Vienna (City of)
  • MORE

Abstract
The counterparty credit ratings on Bank Austria Creditanstalt AG (BA) reflect its group status as a core subsidiary of its 96.35% owner UniCredito Italiano SpA (A+/Stable/A-1) due to the strategically important role it plays to further develop business in the fast-growing CEE region and to a lesser degree its role in Austria. Furthermore, since its acquisition in 2000 by BA's former owner Bayerische Hypo- und Vereinsbank AG (HVB; A/Positive/A-1), BA's business, financial, and risk profile has improved substantially, mainly as a result of domestic restructuring measures and profitable growth in CEE. In 2006, BA's operating profitability remained satisfactory, although the forced sale of subsidiaries in Poland and Croatia during 2006 hampers comparisons with the prior year. Furthermore, the transfer of...

Companies mentioned in this report are:
- UniCredit Bank Austria AG
- UniCredit SpA
- Vienna (City of)
- UniCredit Bank AG

Action: Review

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new READ MORE >

Note: Product cover images may vary from those shown
2 of 3

- UniCredit Bank Austria AG
- UniCredit SpA
- Vienna (City of)
- UniCredit Bank AG

Note: Product cover images may vary from those shown
3 of 3
Note: Product cover images may vary from those shown

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