Madrid, Autonomous Community of: Rating Report

DBRS Ratings GmbH (DBRS Morningstar) confirmed the Long-Term Issuer Rating of the Autonomous Community of Madrid (Madrid) at A (low). The trend on the Long-Term Rating has been changed to Positive from Stable. At the same time, DBRS Morningstar confirmed Madrid's Short-Term Issuer Rating at R-1 (low). The trend on the Short-Term Rating remains Stable.