Agency Date of assessment Rating Outlook
Fitch Ratings      
Long term 26 Apr 2022 BBB   Negative
Short term 26 Apr 2022 F3
Standard & Poor's
Long term 13 Jun 2022 BBB-   Stable
Short term 13 Jun 2022 A-3

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:

  Fitch Ratings Standard & Poor's Meaning
Investment grade  
  AAA AAA Highest quality
  AA AA High quality
  A A Good quality
  BBB BBB Satisfactory quality that will be reduced with a change in circumstance
Speculative grade  
  BB BB Moderate security: greater exposure to adverse factors
  B B Low security, greater vulnerability
  CCC CCC Identified vulnerability
  CC CC Delays in payments
  C C Delays in payments
  DDD DDD Few possibilities of payment
  DD DD Few possibilities of payment
  D D Few 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These ratings may be revised, suspended or withdrawn by the rating agency at any time.

Agency Date of assessment Rating Outlook
Fitch Ratings      
Long term 9 Nov 2021 BBB Negative
Short term 9 Nov 2021 F3 Negative
Standard & Poor's
Long term 12 Nov 2020 BBB- Negative
Short term 12 Nov 2020 A-3 Negative

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:

  Fitch Ratings Standard & Poor's Meaning
Investment grade  
  AAA AAA Highest quality
  AA AA High quality
  A A Good quality
  BBB BBB Satisfactory quality that will be reduced with a change in circumstance
Speculative grade  
  BB BB Moderate security: greater exposure to adverse factors
  B B Low security, greater vulnerability
  CCC CCC Identified vulnerability
  CC CC Delays in payments
  C C Delays in payments
  DDD DDD Few possibilities of payment
  DD DD Few possibilities of payment
  D D Few 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These ratings may be revised, suspended or withdrawn by the rating agency at any time.