Belfius Bank SA/NV: Credit Rating Report

Ratings

• Belfius Bank SA/NV

  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
  18-Mar-25	Long-Term Issuer Rating	A	Stb	Confirmed	EU U
  18-Mar-25	Short-Term Issuer Rating	R-1 (low)	Stb	Confirmed	EU U
  18-Mar-25	Long-Term Senior Debt	A	Stb	Confirmed	EU U
  18-Mar-25	Short-Term Debt	R-1 (low)	Stb	Confirmed	EU U
  18-Mar-25	Short-Term Deposits	R-1 (low)	Stb	Confirmed	EU U
  18-Mar-25	Long Term Critical Obligations Rating	AA (low)	Stb	Confirmed	EU U
  18-Mar-25	Short Term Critical Obligations Rating	R-1 (middle)	Stb	Confirmed	EU U
  18-Mar-25	Subordinated Debt	BBB (high)	Stb	Confirmed	EU U
  18-Mar-25	Long-Term Deposits	A	Stb	Confirmed	EU U

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• Belfius Financing 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
  18-Mar-25	Long-Term Issuer Rating	A	Stb	Confirmed	EU U
  18-Mar-25	Short-Term Issuer Rating	R-1 (low)	Stb	Confirmed	EU U
  18-Mar-25	Long-Term Senior Debt Guaranteed by Belfius Bank	A	Stb	Confirmed	EU U
  18-Mar-25	Short-Term Debt Guaranteed by Belfius Bank	R-1 (low)	Stb	Confirmed	EU U

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