ABN AMRO Group N.V.

Ratings

• ABN AMRO Bank N.V.

  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-Sep-15	Long-Term Debt & Deposits	A	Pos	Downgraded	UK U
  29-Sep-15	Short-Term Debt & Deposits	R-1 (low)	Pos	Downgraded	UK U
  29-Sep-15	Dated Subordinated Debt	A (low)	Pos	Trend Change	UK U
  29-Sep-15	4.310% Perpetual Sub Notes	A (low)	Pos	Trend Change	UK U
  29-Sep-15	4.7% Sub Notes Due 2022	A (low)	Pos	Trend Change	UK U
  29-Sep-15	5% Perpetual Sub Notes	A (low)	Pos	Trend Change	UK U
  29-Sep-15	6.25% Sub Notes Due 2022	A (low)	Pos	Trend Change	UK U
  29-Sep-15	6.250% Sub Notes Due 2022	A (low)	Pos	Trend Change	UK U
  29-Sep-15	6.375% Sub Notes Due 2021	A (low)	Pos	Trend Change	UK U
  29-Sep-15	6.5% Bank Bonds Due 2017	A	Pos	Downgraded	UK U
  29-Sep-15	7.125% Sub Notes Due 2022	A (low)	Pos	Trend Change	UK U
  29-Sep-15	7.75% Sub Notes Due 2023	A (low)	Pos	Trend Change	UK U
  29-Sep-15	Floating Rate Sub Notes Due 2017	A (low)	Pos	Trend Change	UK U
  29-Sep-15	Floating Rate Sub Notes Due 2020	A (low)	Pos	Trend Change	UK U

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• ABN AMRO Group N.V.

  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-Sep-15	Issuer & Long-Term Debt	A (low)	Pos	Downgraded	UK
  29-Sep-15	Short-Term Debt	R-1 (low)	Stb	Confirmed	UK

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