# Additional Tier 1

## ING Groep N.V.

### Rating History

Rating Watch Outlook Decision Date Action Validity Date Maximum Validity
BB+ 15.12.2022 20.12.2022
BB+ 23.09.2021 29.09.2021
BB+ Watch UNW 05.07.2021 06.07.2021
BB+ 29.10.2020 04.11.2020
BB+ Watch NEW 24.03.2020 28.03.2020
BB+ 22.10.2019 24.10.2019
BB+ Watch UNW 18.06.2019 21.06.2019
BB+ 03.08.2018 28.08.2018
BB+ 23.02.2018 05.03.2018

### News

• 20.12.2022
Creditreform Rating has affirmed the Long-Term Issuer Rating of ING Groep N.V. at 'A'. The outlook is raised from 'stable' to 'positive'. The rating of 'Additional Tier 1' capital is affirmed at 'BB+'. The rating of 'Tier 2' capital is affirmed at 'BBB-'. The rating of 'Non-Preferred Senior Unsecured' is affirmed at 'A-'. For further information, please refer to our Rating Update on our website.
• 29.09.2021
Creditreform Rating has revised its outlook on the ING Groep N.V. to stable from unknown watch and affirmed the rating of ING Groep N.V. at A. In addition, Creditreform Rating affirmed the rating of Additional Tier 1 capital at BB+ and the rating of Non-Preferred Senior Unsecured Debt at A-. However, the rating of Tier 2 capital was lowered from BBB to BBB-. For more details regarding the rating, we refer to our rating report on our homepage.
• 06.07.2021
Creditreform Rating AG has revised its rating methodology for the rating of banks (Bank Ratings). Henceforth, only the revised version of the rating methodology ("Version 3.0") will be applied with the end of the consultation process. In addition, Creditreform Rating AG introduced the new sub-methodology Institutional Protection Scheme Banks. Hence, all current ratings of bank capital and unsecured bank instruments will be reviewed as part of our current monitoring and receive therefore the rating supplement "watch". Our revised rating methodologies can be found at www.creditreform-rating.de.
• 04.11.2020
Creditreform Rating has affirmed the rating of ING Groep N.V. (Group) at A. However, Creditreform Rating has revised the outlook from watch negative to negative. Moreover, Creditreform Rating has also affirmed the rating of Additional Tier 1 Capital at BB+ and the rating of Non-Preferred Senior Unsecured Debt at A-. The rating of Tier 2 Capital was upgraded from BBB- to BBB. For more details regarding the rating, we refer to our rating report on our homepage.
• 28.03.2020
Creditreform Rating has set the rating of all valid bank ratings and bank issues to watch negative due to the currently not assessable impact of the Corona Crisis. Not affected by this rating action are government related banks. We refer to the free available Monitoring Report for a more detailed explanation.
• 24.10.2019
Creditreform Rating has affirmed the rating of ING Groep N.V. (Group) at A. The outlook is stable. In addition, Creditreform Rating has affirmed the rating of Additional Tier 1 Capital at BB+ and the rating of Tier 2 Capital at BBB-. The rating of Preferred Senior Unsecured Debt (after reclassification from Senior Unsecured Debt) was set to not rated. Moreover, the rating of Non-Preferred Senior Unsecured Debt was set to A-.
• 21.06.2019
Creditreform Rating AG has revised its rating methodology for the rating of "Bank Capital and Unsecured Debt Instruments". Henceforth, only the revised version of the rating methodology ("Version 2.0") will be applied. Moreover, all current ratings of bank capital and unsecured bank instruments will be reviewed as part of our current monitoring and receive therefore the rating supplement "watch". Our revised rating methodology can be found at www.creditreform-rating.de.
• 28.08.2018
Creditreform Rating has affirmed the rating of ING Groep N.V. at A. The outlook is stable. In addition, Creditreform Rating has affirmed the rating of Additional Tier 1 at BB+ and the rating of the Senior Unsecured at A. The rating of Tier 2 was lowered to BBB- from BBB.
• 05.03.2018
Creditreform Rating has set the rating of ING Groep N.V.to A, with stable outlook. Creditreform Rating has also determined the ratings of the debt classes as follows. The rating of Additional Tier 1 was set to BB+, the rating of Tier 2 to BBB and the rating of the Senior Unsecured to A.