Rating

Rating on CDP is assigned by major credit rating agencies

Credit Rating

	STANDARD & POOR'S	MOODY'S	FITCH	SCOPE
Highlights	Integral link with the Italian government Critical role for Italian economy Sound fundamentals	High support from the Italian government Negligible stock of problem loans Stable funding structure	Strong State links Dividend role for profitability Sound funding structure	Italian NPI and unique business model Solid fundamentals Dividend role for profitability
Short-Term	A - 2	P - 3	F - 2	S - 2
Long-Term	BBB	Baa3	BBB	BBB+
Outlook	Stable	Negative	Stable	Stable
Last Update	28/07/2022	09/08/2022	04/03/2022	04/08/2022

	Moody's ESG Solutions	ISS
Highlights	Advanced capacity to integrate ESG factors into strategy, operations and risk management Strong social footprint (Social factor score: 72/100) Significant contribution of Group’s share of loans and investments to UN SDGs	Services offered with high social and environmental benefits Social & Governance Rating deemed at C+ level Very High Transparency Level (i.e. capacity to transparently disclose information and data)
Score/Rating	67/100 (Advanced)	C-
Last Update	Oct-22	Feb-23