Debt Ratings

	Fitch	Moody's	Standard & Poor's
Foreign Currency Debt Rating *	BB-	B2	B+
Global Medium Term Note Program	BB-	B2	-
DPR Securitisation	BBB-	-	AA
Covered Bond	-	Ba2	-
Subdebt	B+	Caa2	-

* Fitch (Long Term FC), Moody's (Foreign Currency Senior Unsecured Rating), Standard & Poor's (Long Term FC ICR)