Financial information

Current rating

Agency
 Date of assessment
Rating
Outlook
Fitch RatingsLong term
11/04/2023BBBStable
Short term
11/04/2023F3Stable
Standard & Poor'sLong term13/06/2022BBB-Stable
Short term
13/06/2022A-3Stable

Both agencies add a sign (+) or (-) to each generic rating category to indicate a relative position within each category.

The long-term debt credit rating scale used by said agencies are as follows:

 Both agencies
Meaning
Investment grade
AAAHighest quality

AAHigh quality

AGood quality

BBBSatisfactory quality that will be reduced with a change in circumstance
Speculative grade
BBModerate security: greater exposure to adverse factors

BLow security, greater vulnerability

CCCIdentified vulnerability

CCDelays in payments

CDelays in payments

DDDFew possibilities of payment

DDFew possibilities of payment

DFew possibilities of payment

The short-term debt rating employed by the Fitch Ratings is as follows:

Fitch Ratings
F1
F2
F3
B
C
D

As with their long-term rating Fitch Ratings applies a (+) or (-) sign to each generic rating category.

These ratings may be revised, suspended or withdrawn by the rating agency at any time.

Previous rating

Agency
 Date of assessment
Rating
Outlook
Fitch RatingsLong term
09/11/2021BBBNegative
Short term
09/11/2021F3Negative
Standard & Poor'sLong term
12/11/2020BBB-Negative
Short term
12/11/2020A-3Negative

Both agencies add a sign (+) or (-) to each generic rating category to indicate a relative position within each category.

The long-term debt credit rating scale used by said agencies are as follows:

 Both agencies
Meaning
Investment grade
AAAHighest quality

AAHigh quality

AGood quality

BBBSatisfactory quality that will be reduced with a change in circumstance
Speculative grade
BBModerate security: greater exposure to adverse factors

BLow security, greater vulnerability

CCCIdentified vulnerability

CCDelays in payments

CDelays in payments

DDDFew possibilities of payment

DDFew possibilities of payment

DFew possibilities of payment

The short-term debt rating employed by the Fitch Ratings is as follows:

Fitch Ratings
F1
F2
F3
B
C
D

As with their long-term rating Fitch Ratings applies a (+) or (-) sign to each generic rating category.

These ratings may be revised, suspended or withdrawn by the rating agency at any time.

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