The outlook changes follow the stabilization of the Italian government's creditworthiness

The rating agency Moody’s affirmed UniCredit SpA's Baa2 long-term debt and deposit ratings and changed the outlook to stable from negative. This follows the change in outlook to stable on Italy’s Baa2 government bond rating on the 14th of February. At the same time UniCredit Leasing SpA’s outlook on its Baa3 long-term issuer rating has also been revised to stable from negative.

Bulgaria is among the key markets for the group in Central and Eastern Europe, because of the presence of the most powerful bank in the country. UniCredit Bulbank’s outlook is the strongest issued by Standard and Poor’s for Bulgaria BBB and is equal to that of the country.

The outlook changes follow the stabilization of the Italian government's creditworthiness, reflected in Moody's change to stable from negative of the outlook on Italy's Baa2 government bond ratings.

According to Moody's, these outlooks continue to reflect the rating agency's expectation of weak GDP growth in Italy (at around 0.5% for 2014).

More information for clients:

UniCredit Bulbank, Call Centre

Phone: 0700 1 84 84

More information for media:

UniCredit Bulbank, Identity & Communications Department

Viktoria Blajeva, Phone: + 359 2 9264 993, wjlj/ebwjepwbAvojdsfejuhspvq/ch

Ekaterina Ancheva, Phone: + 359 2 9264 963, flbufsjob/bodifwbAvojdsfejuhspvq/ch

Magdalena Ivanova, Phone: + 359 2 9232 528, nbhebmfob/jwbopwbAvojdsfejuhspvq/ch