Credit rating

Credit Rating

Moody's
Standard & Poor's
 Fitch
Outlook Stable Outlook Stable Outlook  Stable 
Issuer Rating Ba2

Long-Term Foreign Issuer Credit

BBB-  Long-Term IDR  BBB
Long-Term Rating Ba2

Long-Term Local Issuer Credit

BBB-  Short-Term IDR  F3
Short-Term NP

Short-Term Foreign Issuer Credit

A-3    

Short-Term Local Issuer Credit

A-3    

Historical Rating Actions

May 31st, 2017: Moody’s downgrade to Ba2/NP

May 19th, 2017: Fitch publishes BBB/F3 rating

May 19th, 2017: Standard & Poor’s downgrade to BBB-/A-3

May 12th, 2017: Moody’s downgrade to Baa2/P-2

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 egative 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

Recent 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

Fitch:

Amee Attri
Phone: +44 20 35 30 16 17

amee.attri@fitchratings.com

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