UCG UniCredit receives its second single-A rating as S&P upgrades the issuer rating to A-, one notch above the sovereign

The rating agency Standard & Poor’s (“S&P”) has today upgraded UniCredit SpA’s
Issuer Credit Rating (“ICR”) and Senior Preferred rating by one notch to ‘A-’ and assigned a Stable outlook. This is the second upgrade by S&P this year and the rating has now been improved to one notch above the Italian sovereign. In S&P’s view, UniCredit has strengthened its business and financial profile and its buffer of bail-inable subordinated debt, leading to an ‘A’ “underlying” rating capped at ‘A-’, one notch above the sovereign. The bank benefits from a strong geographically diversified franchise, robust profitability, sound asset quality and ample liquidity. The Stand-Alone Credit Profile has been upgraded to ‘a-’, while Long- and Short-Term Resolution Counterparty Ratings have been upgraded to ‘A’ and ‘A-1’, respectively. The Short-Term Issuer Credit Rating has been affirmed at ‘A-2’. The full text of S&P’s press release is available on the rating agency’s website: https://www.spglobal.com/ratings/en/ Milan, 9 October 2025 Contacts Media Relations: e-mail MediaRelations@unicredit.eu Investor Relations: e-mail InvestorRelations@unicredit.eu