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Ratings

Notations
Ratings Standard & Poor's Moody’s FitchRatings DBRS
Long-term/Short-Term Counterparty N/A A1(cr)/P-1(cr) N/A N/A
Long-term senior unsecured debt A A2 A AA (low)
Outlook/Review Negative outlook Positive outlook Positive outlook Negative review
Short-term debt A-1 Prime-1 F1 R-1 (middle)
Last rating action 13/07/2015 23/06/2015 23/06/2015 24/08/2015
Rating action LT/ST ratings affirmed; negative outlook unchanged Counterparty rating assigned; LT/ST debt ratings affirmed; positive outlook unchanged LT/ST ratings affirmed; LT rating outlook changed to positive from stable LT and CT ratings unchanged; LT ratings remain under review with negative implications
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