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ATF Bank 'B+' Rating On Watch Pos And UniCredito Affirmed At 'A+/A-1' With Stable Outlook Jun 07
Standard & Poors, June 2007
Abstract
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: Affirmed
Action: On CreditWatch:Positive
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 and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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