Unicredit — Capital/Financing Update 2021

Dec 17, 2021

The Rating Agency Fitch Ratings upgraded UniCredit SpA's Long-Term Issuer Default Rating (IDR') to BBB' from BBB-'. The outlook was affirmed at stable.

The Short-Term Rating and the Viability Rating (i.e., standalone rating), have been upgraded to F2' from F3' and to bbb' from bbb-', respectively.

Instruments ratings have been updated in line with the rating action, with the Senior Non Preferred rating now at BBB-'.

For further details please see Fitch Ratings' corresponding press release on the rating agency website www.fitchratings.com.

Milan, 17th December 2021

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Media Relations: e-mail: MediaRelations@unicredit.eu

Investor Relations: e-mail: InvestorRelations@unicredit.eu