UBS Fixed Income Presentation Deck

Credit ratings peer comparison Long-term senior unsecured debt – holding company, as of 24.8.23 Barclays BNP1 BOA Citi DB1 GS HSBC JPM MS SocGen¹ UBS² MOODY'S Ba1 Baa3 Baa2 Baa1 A3 A2 A1 Aa3 Review for downgrade S&P BB+ BBB- BBB BBB+ A- [No arrow] Outlook stable A A+ AA- FITCH Outlook positive BB+ BBB- BBB BBB+ A- A A+ Review for upgrade Outlook negative Source: Moody's, S&P and Fitch's websites; Holding companies: JPMorgan Chase & Co.; Bank of America Corporation; Citigroup Inc.; The Goldman Sachs Group, Inc.; Morgan Stanley; UBS Group AG; Credit UBS Suisse Group AG; HSBC Holdings PLC; Barclays Plc; 1 BNP (BNP Paribas), SocGen (Société Générale) and Deutsche Bank (Deutsche Bank AG) have no holding company, but Moody's classifies certain parent company issuances as "junior senior unsecured", S&P classifies certain parent company issuances as "senior subordinated" and Fitch classifies certain parent company issuances as "senior non-preferred"; 2 Moody's rates UBS Group AG issuance on an unsolicited basis AA- 33

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