UniCredit SpA (IT:UCG) has released an update.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
UniCredit SpA has received a boost as Fitch Ratings upgraded its Long-Term Issuer Default Rating to ‘BBB+’, placing it above the Italian sovereign rating and improving the outlook from stable to positive. This upgrade reflects UniCredit’s strong position compared to its national peers and its effective diversification across growing economies, which should help cushion the bank against potential Italian sovereign stress.
For further insights into IT:UCG stock, check out TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue