Northern Trust Corporation: Rating Report

Ratings

• Northern Trust Corporation

  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
  07-Feb-23	Long-Term Issuer Rating	AA (low)	Stb	Confirmed	US
  07-Feb-23	Short-Term Issuer Rating	R-1 (middle)	Stb	Confirmed	US
  07-Feb-23	Long-Term Senior Debt	AA (low)	Stb	Confirmed	US
  07-Feb-23	Short-Term Instruments	R-1 (middle)	Stb	Confirmed	US
  07-Feb-23	Subordinated Debt	A (high)	Stb	Confirmed	US
  07-Feb-23	Preferred Stock	A (low)	Stb	Confirmed	US

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• The Northern Trust Company

  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
  07-Feb-23	Long-Term Issuer Rating	AA	Stb	Confirmed	US
  07-Feb-23	Short-Term Issuer Rating	R-1 (high)	Stb	Confirmed	US
  07-Feb-23	Long-Term Deposits	AA	Stb	Confirmed	US
  07-Feb-23	Long-Term Senior Debt	AA	Stb	Confirmed	US
  07-Feb-23	Short-Term Instruments	R-1 (high)	Stb	Confirmed	US
  07-Feb-23	Subordinated Debt	AA (low)	Stb	Confirmed	US

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