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UCG UniCredit: S&P changed UniCredit SpA’s outlook to stable from negative

PRESS RELEASE
UniCredit: S&P changed UniCredit SpA’s outlook to stable from negative The Rating Agency S&P Global Ratings (“S&P”) has changed UniCredit SpA’s outlook to stable (from negative). The 'BBB’ long- and ‘A-2' short-term Issuer Credit Ratings have been affirmed. The issue ratings have been affirmed as well. In S&P’s view, UniCredit has materially improved its resilience to withstand a hypothetical default of the Italian sovereign (‘BBB/A-2/negative outlook’). Thus, UniCredit SpA could now be rated above Italy’s long-term ratings. For further details please see S&P’s corresponding press release on the rating agency website www.capitaliq.com. Milan, 15th July 2019 Enquiries: Media Relations: Tel. +39 02 88623569; e-mail: MediaRelations@unicredit.eu Investor Relations: Tel: +39 02 88621028; e-mail: InvestorRelations@unicredit.eu

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