Bloomberg News

UniCredit, Intesa Among 13 Italian Banks Cut by Moody’s

August 03, 2012

UniCredit SpA (UCG) and Intesa Sanpaolo SpA (ISP) had their credit grades affirmed by Standard & Poor’s as the ratings company downgraded 15 smaller lenders.

UniCredit, Italy’s biggest bank, and Intesa, the nation’s second-largest, were among 15 companies whose ratings weren’t changed in a review of 32 firms, S&P said today in a statement.

To contact the reporter on this story: Steven Norton in New York at snorton7@bloomberg.net

To contact the editor responsible for this story: David Scheer at dscheer@bloomberg.net


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