Credit Rating Report

Azores, Autonomous Region of the: Rating Report

Sub-Sovereign Governments

Summary

DBRS Ratings GmbH (Morningstar DBRS) changed the trend on the Autonomous Region of the Azores' (Azores) Long-Term Issuer Rating to Positive from Stable and confirmed the rating at BBB (low). At the same time, Morningstar DBRS changed the trend on Azores' Short-Term Issuer Rating to Positive from Stable and confirmed the rating at R-2 (low).

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