Credit Rating Report

Parpública – Participações Públicas (SGPS), S.A.: Rating Report

Other Government Related Entities

Summary

DBRS Ratings GmbH (DBRS) confirmed Parpública – Participações Públicas (SGPS - Sociedade Gestora de Participações Sociais), S.A’s Long-Term Issuer Rating at BBB and Short-Term Issuer Rating at R-2 (high). At the same time, DBRS changed the trend on all ratings to Positive from Stable.

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