The UBS bank is reportedly planning to offload a portfolio of loans to Italian companies with low credit ratings. The move comes after the bank acquired Credit Suisse and inherited a number of weak credit positions. The UBS is said to be looking to exit revolving credit facilities for five borrowers with junk ratings. The bank has reportedly enlisted Goldman Sachs to handle the sale of the loans, which are valued between €10 million and €40 million. Bids for the former Credit Suisse positions are expected to be due in the first half of January.

The borrowers in question are said to include real estate manager Rekeep, eyewear manufacturer Marcolin, pharmaceutical ingredient producer Fabbrica Italiana Sintetici, industrial waste recycler Itelyum, and pharmaceutical company Rossini.

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Information	Details
Geography	Europe
Countries	🇮🇹
Sentiment	neutral
Relevance Score	1
People	Rossini, Marcolin, Fabbrica Italiana Sintetici, Itelyum, Rekeep
Companies	Rossini, Marcolin, Fabbrica Italiana Sintetici, Itelyum, Rekeep
Currencies	None
Securities	None