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 GBP 500 million 3.875% medium-term notes (MTN) maturing on December 14, 2018. The issue is expected to settle on January 14, 2011.

(2) Proposed AUD 150 million 6.5% MTN maturing on January 20, 2016. The issue is expected to settle on January 20, 2011.

The notes are guaranteed by Total S.A. and 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.