Reported 26 days ago
UniCredit SpA received an upgrade to its credit rating by Fitch from BBB to BBB+, bolstering its position as it contemplates a takeover of Commerzbank AG. This upgrade reflects UniCredit's international presence and improved profitability, making it more resilient against potential risks. While UniCredit is interested in the acquisition, Commerzbank's CEO has expressed concerns that such a deal could negatively impact its credit standing and client retention.
Source: YAHOO