Banca Popolare dell'Alto Adige SpA: Rating Report

Ratings

• 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
  26-May-20	Long-Term Issuer Rating	BBB (low)	Neg	Confirmed	EU U
  26-May-20	Short-Term Issuer Rating	R-2 (middle)	Neg	Confirmed	EU U
  26-May-20	Long-Term Senior Debt	BBB (low)	Neg	Confirmed	EU U
  26-May-20	Short-Term Debt	R-2 (middle)	Neg	Confirmed	EU U
  26-May-20	Short-Term Deposits	R-2 (high)	Neg	Confirmed	EU U
  26-May-20	Long-Term Deposits	BBB	Neg	Confirmed	EU U
  26-May-20	Subordinated Debt (ISIN: XS1694763142)	BB	Neg	Confirmed	EU U

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