Credit Rating Report

Madrid, Autonomous Community of: Rating Report

Sub-Sovereign Governments

Summary

DBRS Ratings GmbH (DBRS Morningstar) confirmed the Autonomous Community of Madrid’s Long-Term Foreign and Local Currency – Issuer Ratings at A. At the same time, DBRS Morningstar confirmed the Autonomous Community of Madrid’s Short-Term Foreign and Local Currency – Issuer Ratings at R-1 (low). The trend on all ratings is Stable.

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