Mortgage Covered Bonds Intesa Sanpaolo S.p.A.

Intesa Sanpaolo S.p.A.

Rating	Watch	Outlook	Decision Date	Action Validity Date
A+		Outlook STA	03.12.2020	09.12.2020
AA-	Watch NEW		24.03.2020	28.03.2020
AA-		Outlook STA	05.02.2020	10.02.2020
AA-		Outlook STA	30.01.2019	04.02.2019

09.12.2020

Creditreform Rating has lowered the rating of the mortgage covered bonds of Intesa Sanpaolo SpA guaranteed by ISP OBG S.r.l. to A+ from AA-. The outlook is stable.

Further details regarding the regulatory requirements according to ESMA (European Securities and Markets Authority) Guidelines 33-9-320 can be found in the document attached below.
28.03.2020

Creditreform Rating has revised its outlook on all valid bank ratings, bank issues and covered bonds to watch negative from stable 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.
10.02.2020

Creditreform Rating has affirmed the rating of the mortgage covered bonds of Intesa Sanpaolo SpA guaranteed by ISP OBG S.r.l. at AA-. The outlook is stable.
04.02.2019

Creditreform Rating assigned a rating of AA- to the mortgage covered bonds of Intesa Sanpaolo SpA guaranteed by ISP OBG S.r.l. , The outlook is stable.