Ratings

• ** Outlook refers to the senior unsecured rating

Rating agencies - ESG ratings

For ESG ratings, see the sustainability ratings page.

Note: The ratings listed above are provided for information purposes only, and are solely the opinions of the agencies issuing such ratings based on such material and information, and such of their own investigations, studies and assumptions, as the agencies deem appropriate. Any explanation of the significance of a rating may be obtained only from the relevant rating agency. By listing these ratings above, ING does not imply its endorsement of or concurrence with such ratings. Ratings may be changed, superseded or withdrawn by the agencies at any time, but ING undertakes no obligation to update this list.

Credit and ESG ratings may vary amongst the respective ratings agencies as the methodologies used to determine ratings may differ. Prospective investors must determine for themselves the relevance of any such ratings information in making an investment decision. Currently, the providers of ESG ratings are not subject to any regulatory or other similar oversight in respect of their determination and award of ESG ratings.

The ratings set out in the reports do not constitute recommendations to buy, sell, or hold any security, and are not intended as an offer or invitation with respect to the purchase or sale of securities. No warranty or representation, express or implied, is given as to the accuracy or completeness of that information. In no event will ING, nor any of its directors, employees or advisors accept any liability with regard to the ratings or the information contained in the reports. ING reserves the right to terminate any link or linking program at any time.