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Moody’s upgrades UniCredit’s long term deposit and senior debt rating to Aa2 from A1

UniCredit announces that the rating agency Moody's has upgraded to Aa2 (from A1) the long term deposit and senior debt rating of UniCredit SpA. At the same time Moody's has affirmed the Bank Financial Strength Rating (BFSR) at B-, the short term rating at P-1 and the outlook at stable.
These rating actions derive from the implementation of Moody's updated Bank Financial Stregth Rating (BFSR) methodology and joint default analysis (JDA) model for banks.

Milan, 16 April 2007

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