Economic-financial information

2015 Historical ratings

  Long termShort termOutlookEvaluation Date / ConfirmationWebsite
Moody's Baa2

Baa3

Baa3
P-2

P-3

P-3
Stable

Review for upgrade

Review for downgrade
17/06/2015

17/03/2015

19/02/2015
www.moodys.com
Standard
& Poor's
BBB

BBB

BBB
A-2

A-2

A-2
Stable

Stable

Credit watch negative
06/10/2015

22/06/2015

20/02/2015
www.standardandpoors.com
Fitch BBB F2 Positive 25/02/2015 www.fitchratings.com
DBRS A (low) R-1 (low) Positive 20/11/2015 www.dbrs.com
A (low) R-1 (low) Stable 10/02/2015

Covered Bonds

  RatingOutlookEvaluation Date / Confirmation
Moody's Aa2

A1

A1
--

Review for upgrade

Review for downgrade
18/06/2015

17/03/2015

19/02/2015
Standard
& Poor's
A+ Stable 13/10/2015


The ratings may be revised, suspended or withdrawn by the rating agency at any time. These ratings do not constitute a recommendation to buy or sell.