Fitch affirms four UniCredit subsidiary banks

Fitch Ratings said it affirmed several banks in Central and Eastern Europe that are subsidiaries of UniCredit SpA.

The affirmations follow the placement of UniCredit's long-term issuer default rating of A on Rating Watch negative.

The affirmations were because these banks are already capped by country ceilings in the jurisdictions where they operate, Fitch said.

Ukrsotsbank's long-term foreign-currency issuer default rating was affirmed at B, short-term foreign-currency issuer default rating at B, long-term local-currency issuer default rating at B+ and national long-term rating at AAA(ukr). Its viability rating of CCC was unaffected.

ATF Bank JSC's long-term foreign-currency issuer default rating was affirmed at BBB, short-term foreign-currency issuer default rating at F3, long-term local-currency issuer default rating at BBB, national long-term rating at AAA(kaz), senior debt at BBB, subordinated debt at BBB-, national senior debt rating at AAA(kaz) and national subordinated debt rating at AA+(kaz). Its viability rating of B- was unaffected.

Zagrebacka Banka dd's long-term foreign-currency issuer default rating was affirmed at BBB+ and short-term foreign-currency issuer default rating at F2. Its viability rating of BB+ was unaffected.

Yapi ve Kredi Bankasi AS's long-term foreign-currency issuer default rating was affirmed at BBB-, short-term foreign-currency issuer default rating at F3, long-term local-currency issuer default rating at BBB, short-term local-currency issuer default rating at F3, senior debt at BBB- and national long-term rating at AAA(tur). Its viability rating of BBB- was unaffected.

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