Rating List

	Type of Rating	Trend	Action	Action Date
IM BCC CAJAMAR 1 FT RMBS CLASE A Tipo Rating: Structured Finance	Structured Finance	No Trend	Upgrade	04/03/2020
AUDAX RENOVABLES SA Tipo Rating: Corporate	Corporate	Stable	New	04/01/2020
AUDAX RENOVABLES SA (INDIVIDUAL) Tipo Rating: Corporate	Corporate	No Trend	Withdrawal	04/01/2020
EKONDAKIN ENERGÍA Y MEDIOAMBIENTE S.A Tipo Rating: Project Finance	Project Finance	Negative	Affirmed	03/20/2020
MERLIN PROPERTIES SOCIMI SA Tipo Rating: Corporate	Corporate	Stable	Affirmed	03/19/2020
AYUNTAMIENTO DE MADRID Tipo Rating: Sovereign & Sub-Sovereign	Sovereign & Sub-Sovereign	Stable	Under Observation	03/19/2020
AYUNTAMIENTO DE BARCELONA Tipo Rating: Sovereign & Sub-Sovereign	Sovereign & Sub-Sovereign	Stable	Under Observation	03/19/2020
COMUNIDAD DE MADRID Tipo Rating: Sovereign & Sub-Sovereign	Sovereign & Sub-Sovereign	Stable	Under Observation	03/19/2020
REPUBLICA DE PORTUGAL Tipo Rating: Sovereign & Sub-Sovereign	Sovereign & Sub-Sovereign	Stable	Under Observation	03/19/2020
GRUPOPIKOLIN SL Tipo Rating: Corporate	Corporate	Negative	Under Observation	03/17/2020
SIDECU SA Tipo Rating: Corporate	Corporate	Stable	Under Observation	03/16/2020
SIDECU SA Tipo Rating: Bond	Bond	No Trend	Under Observation	03/16/2020
RESTABELL FRANQUICIAS SL Tipo Rating: Bond	Bond	No Trend	Under Observation	03/16/2020
RESTABELL FRANQUICIAS SL Tipo Rating: Corporate	Corporate	Stable	Under Observation	03/16/2020
EL CORTE INGLES SA Tipo Rating: Bond	Bond	No Trend	Under Observation	03/16/2020
ESTACIONAMIENTOS Y SERVICIOS SA Tipo Rating: Corporate	Corporate	Stable	Under Observation	03/16/2020
SIDECU SA Tipo Rating: Bond	Bond	No Trend	Withdrawal	03/02/2020
IBERPAPEL GESTION SA Tipo Rating: Corporate	Corporate	No Trend	Withdrawal	02/17/2020
ORMAZABAL ELECTRIC SL Tipo Rating: Corporate	Corporate	No Trend	Withdrawal	02/17/2020
EFACEC POWER SOLUTIONS SPGS Tipo Rating: Corporate	Corporate	Negative	Downgrade	02/03/2020