Ratings crediticios - telefonica

International

Rating Agency	Instrument	Rating	Outlook	Date of last review
S&P
S&P	Senior	BB+	Negative	30/03/2020
Fitch
Fitch	Senior	BBB-	Stable	4/10/2019

National

Rating Agency	Instrument	Rating	Outlook	Date of late review
S&P	Issuer	AAA	Negative	27/03/2020
S&P	Issuer	AAA	Negative	27/03/2020
Warning: These ratings are only an opinion about the Company solvency and may be revised, suspended or withdrawn at any time by the respective rating agency. .