Intesa Sanpaolo S.p.A. Covered Bonds (OBG - Mortgages - Programme 2): Surveillance 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
  04-Nov-22	Series 19	A	--	Downgraded	EU U
  04-Nov-22	Series 20	A	--	Downgraded	EU U
  04-Nov-22	Series 21	A	--	Downgraded	EU U
  04-Nov-22	Series 22	A	--	Downgraded	EU U
  04-Nov-22	Series 23	A	--	Downgraded	EU U
  04-Nov-22	Series 24	A	--	Downgraded	EU U
  04-Nov-22	Series 25	A	--	Downgraded	EU U
  04-Nov-22	Series 26	A	--	Downgraded	EU U
  04-Nov-22	Series 27	A	--	Downgraded	EU U
  04-Nov-22	Series 28	A	--	Downgraded	EU U
  04-Nov-22	Series 29	A	--	Downgraded	EU U
  04-Nov-22	Series 30	A	--	Downgraded	EU U
  04-Nov-22	Series 31	A	--	Downgraded	EU U
  04-Nov-22	Series 32	A	--	Downgraded	EU U
  04-Nov-22	Series 33	A	--	Downgraded	EU U
  04-Nov-22	Series 34	A	--	Downgraded	EU U
  04-Nov-22	Series 35	A	--	Downgraded	EU U
  04-Nov-22	Series 36	A	--	Downgraded	EU U
  04-Nov-22	Series 37	A	--	Downgraded	EU U
  04-Nov-22	Series 38	A	--	Downgraded	EU U
  04-Nov-22	Series 39	A	--	Downgraded	EU U
  04-Nov-22	Series 40	A	--	Downgraded	EU U
  04-Nov-22	Series 41	A	--	Downgraded	EU U
  04-Nov-22	Series 42	A	--	Downgraded	EU U
  04-Nov-22	Series 43	A	--	Downgraded	EU U
  04-Nov-22	Series 44	A	--	Downgraded	EU U
  04-Nov-22	Series 45	A	--	Downgraded	EU U
  04-Nov-22	Series 46	A	--	Downgraded	EU U
  04-Nov-22	Series 47	A	--	Downgraded	EU U

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