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
  16-May-22	Long-Term Issuer Rating	BBB (low)	Stb	Trend Change	EU U
  16-May-22	Short-Term Issuer Rating	R-2 (middle)	Stb	Trend Change	EU U
  16-May-22	Long-Term Senior Debt	BBB (low)	Stb	Trend Change	EU U
  16-May-22	Short-Term Debt	R-2 (middle)	Stb	Trend Change	EU U
  16-May-22	Short-Term Deposits	R-2 (high)	Stb	Trend Change	EU U
  16-May-22	Long-Term Deposits	BBB	Stb	Trend Change	EU U
  16-May-22	Subordinated Debt (ISIN: XS1694763142)	BB	Stb	Trend Change	EU U

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