DBRS Morningstar Changes Trend on China to Negative From Stable, Confirms Rating at A (high)

Ratings

• Date Issued	Debt Rated	Rating	Trend	Action	Attributesi US = Lead Analyst based in USA CA = Lead Analyst based in Canada EU = Lead Analyst based in EU UK = Lead Analyst based in UK E = EU endorsed U = UK endorsed Unsolicited Participating With Access Unsolicited Participating Without Access Unsolicited Non-participating
  10-Nov-22	Long-Term Foreign Currency - Issuer Rating	A (high)	Neg	Trend Change, Confirmed	US
  10-Nov-22	Long-Term Local Currency - Issuer Rating	A (high)	Neg	Trend Change, Confirmed	US
  10-Nov-22	Short-Term Foreign Currency - Issuer Rating	R-1 (middle)	Neg	Trend Change, Confirmed	US
  10-Nov-22	Short-Term Local Currency - Issuer Rating	R-1 (middle)	Neg	Trend Change, Confirmed	US

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