UniCredit, Intesa Are Among 26 Banks Cut by Moody’s

UniCredit, Intesa Are Among 26 Banks Cut by Moody’s

Alessia Pierdomenico/Bloomberg

UniCredit SpA and Intesa Sanpaolo SpA were among 26 Italian banks that had their credit ratings cut one to four levels by Moody’s Investors Service, which cited weakened earnings and the country’s economic outlook