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UniCredit Loss Raises Questions About Italy Banks, Moody’s Says

UniCredit Loss Raises Questions About Italy Banks, Moody’s
A customer enters the UniCredit SpA headquarters in Milan. Photographer: Giuseppe Aresu/Bloomberg

Losses at UniCredit SpA raise questions about the profitability of Italian bank units, according to Moody’s Investors Service.

A goodwill writedown reported by the company “may indicate that the bank’s expected profitability of some of its acquired entities may be impaired on a more permanent basis,” Moody’s said in its Weekly Credit Outlook today.

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