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

In the first credit rating report on the Galician autonomous community, Axesor Rating has given a BBB+ rating with a stable trend.

Axesor Rating downgrades Portugal’s unsolicited rating to BBB with a Stable outlook.

Following Axesor Rating’s growth plan, Axesor has started the development of a common framework to analyse the creditworthiness of nonfinancial corporates. This report describes the Axesor Rating’s methodology to rate these companies. Axesor has not received any comments for this notification during the open period designated for allegations and comments.

Axesor Rating has assigned an unsolicited rating of A- with a stable outlook to the Republic of Chile in the initial rating report of the country.