Axesor Rating maintains the rating of the Community of Madrid in A- with negative trend.

In its January review Axesor Rating maintains the unsolicited rating of the autonomous community of Galicia in BBB with a stable trend,

Comments related to the commercial real estate transactions rating methodology

In its November review Axesor Rating maintains the city of Madrid’s unsolicited credit rating at A- with stable trend. Despite the capital growth potential of Spain, there is a slowdown in the evolution of both private consumption and the tourism sector, limiting GDP growth to 4.7%, in line with forecasts [...]

Following Axesor Rating’s growth plan, Axesor has reviewed the insurance companies rating methodology. Axesor has not received any comments for this notification during the open period designated for allegations and comments.