Fitch rates Unicaja notes BBB-

Fitch Ratings said it gave Unicaja Banco, SA's inaugural senior preferred notes an expected BBB- long-term rating.

“Unicaja's SP debt is rated in line with the bank's long-term issuer default rating (IDR; BBB-/negative), reflecting our expectation that Unicaja will use SP debt to meet its resolution buffer requirements, and that the combined buffer of additional tier 1, tier 2 and senior non-preferred (SNP) debt is unlikely to exceed 10% of the bank's risk-weighted assets (RWA),” the agency said in a press release.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.