Banco BPM SpA

Regulatory Filings • Jul 3, 2023

Informazione Regolamentata n. 1928-76-2023		Data/Ora Inizio Diffusione 03 Luglio 2023 08:21:24	Euronext Milan
Societa'	:	BANCO BPM
Identificativo Informazione Regolamentata	:	178896
Nome utilizzatore	:	BANCOBPMN03 - Marconi
Tipologia	:	2.2
Data/Ora Ricezione	:	03 Luglio 2023 08:21:22
Data/Ora Inizio Diffusione	:	03 Luglio 2023 08:21:24
Oggetto	:	Moody's improves the Outlook of Banco BPM: from Stable to Positive - Ratings affirmed
Testo del comunicato

Vedi allegato.

PRESS RELEASE

Moody's improves the Outlook of Banco BPM: from Stable to Positive Ratings affirmed

Positive rating action reflects the Group's strengthened financial profile, with improvements in terms of profitability, capital position and risk profile

Milan, 3 July 2023 – It is noted that the rating agency Moody's Investors Service (hereinafter "Moody's") has changed the Outlook on Banco BPM's key ratings from Stable to Positive, while affirming the assigned ratings.

The improvement in the Outlook reflects upward pressure on Banco BPM's ratings which is predicated on the assumption that the bank's strengthened profitability and more robust capital position will be sustained going forward.

Additional information on this rating action is provided in the press release published by Moody's.

With this improved outlook, we believe that also Moody's has highlighted the performance track record of our Group, giving a further positive signal.

We therefore believe that this rating action may lead, also on the part of the same rating agency, to a further improvement in Banco BPM's ratings in the future, thereby fully recognizing the path undertaken by the Group in terms of strengthening of the profitability and capital position as well as the soundness of its risk profile.

Contacts:

Investor Relations Roberto Peronaglio +39 02.94.77.2108 investor.relations@bancobpm.it Communication Matteo Cidda +39 02.77.00.7438 matteo.cidda@bancobpm.it Media Relations Marco Grassi +39 045.867.5048 marco.grassi@bancobpm.it