DBRS Assigns Rating of AA to Total Capital’s New Issues

DBRS has today assigned a rating of AA with a Stable trend to the following Total Capital SA new debt issuance:

(1) Proposed USD 1.25 billion 3.0% medium-term notes (MTNs) maturing June 24, 2015. This new debt issue is expected to settle on June 24, 2010.

(2) Proposed USD 1.25 billion 4.45% MTNs maturing June 24, 2020. This new debt issue is expected to settle on June 24, 2010.

The notes will be guaranteed by Total S.A. and will rank equally with all of Total Capital SA’s other senior unsecured bonds and debentures.

Notes:
The applicable methodology is Rating Oil and Gas Companies, which can be found on our website under Methodologies.

This is a Corporate (Energy) rating.