Associated Banc-Corp

Ratings

• Associated Banc-Corp

  Date Issued	Debt Rated	Rating	Trend	Action	Attributesi US = Lead Analyst based in USA CA = Lead Analyst based in Canada EU = Lead Analyst based in EU UK = Lead Analyst based in UK E = EU endorsed U = UK endorsed Unsolicited Participating With Access Unsolicited Participating Without Access Unsolicited Non-participating
  29-Jan-14	Issuer & Senior Debt	BBB	Pos	Trend Change	US E
  29-Jan-14	Short-Term Instruments	R-2 (middle)	Pos	Trend Change	US E
  29-Jan-14	Preferred Stock	BB	Pos	New Rating	US E
  29-Jan-14	Subordinated Debt	BBB (low)	Pos	Trend Change	US E

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• Associated Bank, N.A.

  Date Issued	Debt Rated	Rating	Trend	Action	Attributesi US = Lead Analyst based in USA CA = Lead Analyst based in Canada EU = Lead Analyst based in EU UK = Lead Analyst based in UK E = EU endorsed U = UK endorsed Unsolicited Participating With Access Unsolicited Participating Without Access Unsolicited Non-participating
  29-Jan-14	Deposits & Senior Debt	BBB (high)	Pos	Trend Change	US E
  29-Jan-14	Short-Term Instruments	R-2 (high)	Pos	Trend Change	US E

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• Associated Trust Co., N.A.

  Date Issued	Debt Rated	Rating	Trend	Action	Attributesi US = Lead Analyst based in USA CA = Lead Analyst based in Canada EU = Lead Analyst based in EU UK = Lead Analyst based in UK E = EU endorsed U = UK endorsed Unsolicited Participating With Access Unsolicited Participating Without Access Unsolicited Non-participating
  29-Jan-14	Deposits & Senior Debt	BBB (high)	Pos	Trend Change	US E
  29-Jan-14	Short-Term Instruments	R-2 (high)	Pos	Trend Change	US E

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