SVB Financial Group: Rating Report

Ratings

• SVB Financial Group

  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
  14-Dec-18	Long-Term Issuer Rating	A (low)	Pos	Trend Change	US
  14-Dec-18	Short-Term Issuer Rating	R-1 (low)	Stb	Confirmed	US
  14-Dec-18	Long-Term Senior Debt	A (low)	Pos	Trend Change	US
  14-Dec-18	Short-Term Instruments	R-1 (low)	Stb	Confirmed	US
  14-Dec-18	Subordinated Debt	BBB (high)	Pos	Trend Change	US

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• Silicon Valley Bank

  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
  14-Dec-18	Long-Term Issuer Rating	A	Pos	Trend Change	US
  14-Dec-18	Short-Term Issuer Rating	R-1 (low)	Pos	Trend Change	US
  14-Dec-18	Long-Term Senior Debt	A	Pos	Trend Change	US
  14-Dec-18	Short-Term Instruments	R-1 (low)	Pos	Trend Change	US
  14-Dec-18	Subordinated Debt	A (low)	Pos	Trend Change	US
  14-Dec-18	Long-Term Deposits	A	Pos	Trend Change	US

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