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Credit ratings

Ratings given to Repsol by rating agencies

 

AGENCY

LONG-TERM

SHORT-TERM

OUTLOOK

LAST REVIEW DATE

Standard & Poor's

BBB+

A-2

Stable

November 16, 2022

Moody's

Baa2

P-2

Stable

June 16, 2021

Fitch

BBB

F-2

Positive

October 11, 2022

 

Ratings can be reviewed, suspended, or withdrawn by the rating agency at any time.

 

Rating agencies

Here you can consult the definitions of the ratings used by the agencies that assign Repsol's credit rating:

 

Fitch

Long-term credit risk ratings:

BBB 

Good credit rating. "BBB" ratings indicate a low credit risk. The ability to repay the principal and interests is satisfactory, although adverse economic conditions and circumstances could affect this ability.  

A "+" or "-" can be added to a rating to indicate the relative position within each rating category.

Short-term credit risk ratings:

F2

Good credit rating. It indicates a good intrinsic ability to face up to financial obligations in a timely manner.

More information: Fitch Ratings

 

Moody's

Moody's long-term credit risk ratings: preferred bonds and shares

Baa 

Bonds with a Baa rating that have a moderate credit risk and may have some characteristics inherent to speculative-grade issuances.

Moody's rates numerically with 1, 2, or 3 in each category. A rating of 1 indicates that the obligation has a rating that appears at the top of the general rating category; a rating of 2 indicates that it has an average rating; and a rating of 3 indicates that it appears at the bottom of its respective category.

P-2 

Issuers (or supporting institutions) rated Prime-2 have a strong ability to repay short-term debt obligations.

More information: Moody's

 

Standard & Poor's

Long-term credit risk ratings:

BBB 

An obligation rated 'BBB' exhibits adequate protection parameters. However, adverse economic conditions or changing circumstances are more likely to weaken the obligor's capacity to meet its financial commitments on the obligation. Ratings can be changed by adding a plus (+) or minus (-) sign to show its relative position within the main rating categories.

Short-term credit risk ratings:

A-2

A short-term obligation rated 'A-2' is somewhat more susceptible to the adverse effects of changes in circumstances and economic conditions than obligations in higher rating categories. However, the obligor's capacity to meet its financial commitments on the obligation is satisfactory.

More information: Standard & Poor's

 

Repsol Oil & Gas Canada (ROGCI):

AGENCY

LONG-TERM

SHORT-TERM

OUTLOOK

LAST REVIEW DATE

Standard & Poor's

BBB+

A-2

Stable

November 16, 2022

Moody's

Baa2

NR

Stable

June 16, 2021

Fitch

BBB

F-2

Stable

April 2, 2020

Moody´s

  • Moody´s
  • Standard & Poor´s
  • Fitch

Fitch /S&P

  • Stb. O. - Stable Outlook
  • Neg. O. - Negative Outlook
  • Pos. O. - Positive Outlook
  • Neg. C. W. - Negative Credit Watch

    Baa3

    Baa2

    Baa1

    a3

    a2

    a1

    BBB-

    BBB

    BBB+

    -A

    A

    A+

  • 25 mar.2020

    Stb. O.

  • 2 apr.2020

    Neg. C. W

  • 2 apr.2020

    Stb. O.

  • 16 jun.2021

    Stb. O.

  • 25 feb.2022

    Pos. O.

  • 11 oct.2022

    Pos. O.

  • 16 nov.2022

    Stb. O.