ATF Bank 'B+' Rating On Watch Pos And UniCredito Affirmed At 'A+/A-1' With Stable Outlook Jun 07
- ID: 1831405
- June 2007
- Standard & Poors
MILAN (Standard & Poor's) June 22, 2007--Standard & Poor's Ratings Services said today that, following news of Italian bank UniCredito Italiano SpA's share purchase agreement to acquire a major shareholding in ATF Bank, Kazakhstan's fourth-largest bank by assets, it has placed its 'B+' long-term counterparty credit rating on ATF on CreditWatch with positive implications and affirmed the 'B' short-term counterparty credit rating. At the same time, Standard & Poor's affirmed its 'A+' long-term and 'A-1' short-term counterparty credit ratings on UniCredito and its subsidiary Bank Austria Creditanstalt AG (BA-CA); the outlook on both of these entities is stable. The acquisition will be carried out through UniCredito's subsidiary BA-CA and is subject to regulatory authorizations. "The positive CreditWatch implications on ATF...
Companies mentioned in this report are:
- UniCredit SpA
- UniCredit Bank Austria AG
- Capitalia SpA
- UniCredit Bank AG
- ATF Bank
Action: On CreditWatch:Positive
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Research type: News
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