Fitch Ratings has upgraded the Long-Term Issuer Default Ratings (IDRs) of UniCredit Bulbank AD (Bulbank) to 'BBB' from 'BBB-'. The Outlooks are Stable. The rating actions follow the upgrade of the Long-Term IDR of parent UniCredit SpA and are linked to UniCredit's IDR.

Short-Term IDR of  Bulbank has upgraded to 'F2'  from 'F3', while the Bank’s Viability Rating remains unaffected.

Fitch has assigned Bulbank a Shareholder Support Rating (SSR) of 'bbb'.

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Additional media information:

Ekaterina Ancheva, tel +359 894 518 193 , flbufsjob/bodifwbAvojdsfejuhspvq/ch

Darina Radoslavova, tel +359 887 505273, Ebsjob/SbeptmbwpwbAVojDsfejuHspvq/CH