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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e-mail: MediaRelations@unicredit.eu

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e-mail: InvestorRelations@unicredit.eu

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UniCredit S.p.A. published this content on 17 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 December 2021 17:18:01 UTC.