Banco BPM SpA — Capital/Financing Update 2023

Nov 22, 2023

Informazione Regolamentata n. 1928-108-2023		Data/Ora Inizio Diffusione 22 Novembre 2023 07:29:34	Euronext Milan
Societa'	:	BANCO BPM
Identificativo Informazione Regolamentata	:	183656
Nome utilizzatore	: BANCOBPMN03 - Marconi
Tipologia	:	3.1
Data/Ora Ricezione	:	22 Novembre 2023 07:29:33
Data/Ora Inizio Diffusione	:	22 Novembre 2023 07:29:34
Oggetto	:	Moody's upgrades Banco BPM key ratings by 2 notches
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PRESS RELEASE

Moody's upgrades Banco BPM key ratings by 2 notches

Positive rating action places Banco BPM in the investment grade category and reflects the Group's significant strengthening, in particular in terms of: asset quality, profitability, capital position, liquidity and funding

Fourth investment grade rating for Banco BPM

Milan, 22 November 2023 – It is noted that, last night, the rating agency Moody's Investors Service proceeded with the following upgrades of BBPM's ratings, now placed in the investment grade category:

• Baseline Credit Assessment (BCA): baa3 (from ba2, +2 notches)
• Long-Term Senior Unsecured Debt rating: Baa2 (from Ba1, +2 notches)
• Long-Term Deposit rating: Baa1 (from Baa2, +1 notch)

In its specific considerations on Banco BPM, Moody's recognizes the significant strengthening of the asset quality and profitability, together with the strengthened capital position as well as the solid liquidity and funding profile.

The outlook on the long-term ratings is Stable.

With this rating action, all key ratings assigned to Banco BPM by the various rating agencies are positioned in the investment grade category.

For further details on the rating actions, please refer to the press release issued by Moody's.

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