S&P affirms Cattolica’s rating at BBB outlook stable Stand-alone credit profile unchanged at bbb+ Rating of subordinated debt also confirmed at BB+

Verona, 7 August 2018. Today Standard & Poor’s has affirmed Cattolica’s rating at BBB with a stable outlook.Cattolica’s stand-alone credit profile (SACP) is affirmed at bbb+, two notches higher than its financial strength rating at BBB, which is still constrained by that of Italy, as set out under S&P’s criteria. The outlook is affirmed stable and it reflects the outlook of the Italian sovereign debt. The Agency also confirmed at BB+ the rating of both listed bonds issued by the Cattolica Group.