Ratings assigned to the Company by S&P Global Ratings
AgencyLong termShort termOutlookRating action
S&P Global Ratings A- (-) Stable October 17, 2019

Warning: The foregoing ratings can be revised, cancelled or withdrawn at any time by the ratings agency.

“A” means “Strong capacity to meet financial commitments, but somewhat susceptible to adverse economic conditions and changes in circumstances”.

S&P applies (+) or (-) indicating the relative position within each category.

The stable outlook means that the rating is not likely to change in the medium-long term.

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