Bloomberg News

Market Reaction to UniCredit Negative for Banks, Moody’s Says

January 16, 2012

Jan. 16 (Bloomberg) -- UniCredit SpA’s rights issue drew an “adverse reaction” from investors, Moody’s Investors Service said in its Weekly Credit Outlook today.

The response “is credit negative for other European banks looking to raise capital and those likely to be involved in underwriting other capital increases,” Moody’s said in the report.

To contact the reporter on this story: Wes Goodman in Singapore at

To contact the editor responsible for this story: Jonathan Annells at

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