Rating. Proven Creditworthiness.

Rating is the credit assessment of financial instruments and their issuers under a uniform procedure by independent rating agencies. It is a standardised credit assessment of bonds and money market instruments. The rating gives information about the ability of issuers to meet their obligations fully and on time. The rating provides investors with comparable criteria for their investment decisions.

The leading international rating agencies are Standard & Poor's, Moody's Investors Service and Fitch Ratings. WL BANK is rated by Standard & Poor’s and Fitch.

Rating of WL BANK.

Rating

	Standard & Poor's	Fitch*
Public sector Pfandbriefe	AAA	-
Mortgage Pfandbriefe	AAA	-
Long-term liabilities	A+	A+
Short-term liabilities	A-1	F1+
Outlook	stabil	stabil
Financial strength	-	B
Support	-	1

* Verbund rating cooperative financial group Volksbanken Raiffeisenbanken