Credit rating

Credit Rating

Moody's
Standard & Poor's
Outlook Negative Watch Outlook Negative Watch
Issuer Rating A2

Long-Term Foreign Issuer Credit

A+
Long-Term Rating A2

Long-Term Local Issuer Credit

A+
Short-Term P-1

Short-Term Foreign Issuer Credit

A-1

Short-Term Local Issuer Credit

A-1

Historical Rating Actions

February 5th, 2016: S&P outlook change from stable to negative watch (rating on review for possible downgrade)

February 4th, 2016: Moody’s outlook change from negative (rating may be lowered) to negative watch (rating on review for possible downgrade)

November 12th, 2015: Moody’s outlook change from negative watch (rating on review for possible downgrade) to negative outlook (rating may be lowered)

September 4th, 2015: Moody’s outlook change from negative (rating may be lowered) to negative watch (rating on review for possible downgrade)

February 25th, 2015: Moody’s outlook change from stable/negative (rating may be lowered)

December 20thth, 2013: Standard & Poor's upgrade from A/A+

July 5th, 2007: Moody's upgrade from A3/P-2

Jun 15th, 2007: Standard & Poor's upgrade from A-/A-2

Sep 18th, 2003: Moody's upgrade from Baa1/P-2

Agency Contacts

Standard & Poor's:

Paulina Grabowiec
Phone: +44 20 71 76 70 51

paulina_grabowiec@standardandpoors.com

Moody's:

François Lauras
Phone: +44 20 77 72 53 97

francois.lauras@moodys.com

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