Credit Rating Report

Madeira, Autonomous Region of: Rating Report

Sub-Sovereign Governments

Summary

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

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