Fitch Revises UBI's Outlook to Negative; Affirms 'BBB'

(The following statement was released by the rating agency) MILAN/BARCELONA/LONDON, March 24 (Fitch) Fitch Ratings has revised UBI Banca's (UBI) Outlook to Negative from Stable, while affirming the Long-term IDR (IDR) at 'BBB'. A full list of rating actions is available at the end of this rating action commentary. The rating actions follow a periodic review of the bank. The Long-term IDR is driven by the standalone financial strength of UBI as expressed by its Viability Rating (VR). KEY RAT











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