Madrid, Autonomous Community of: Rating Report

DBRS Ratings GmbH (DBRS) confirmed the Long-Term Issuer Rating of the Autonomous Community of Madrid (Madrid) at A (low) and its Short-Term Issuer Rating at R-1 (low). Simultaneously, DBRS changed the trend on Madrid’s Long-Term Issuer Rating to Positive from Stable; the trend on the Short-Term Issuer Rating remains Stable.