Cores. Corporación de Reservas Estratégicas de Productos Petrolíferos.
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Ratings

The Strategic Reserves of Petroleum Products has been rated by international rating agencies Moody's Investors Service and Standard & Poor's Ratings. The rating applies fully. These agencies come CORES annually and will review to confirm them.

In October 2011, Standard & Poor's decided to reduce the long-term rating of the Kingdom of Spain from AA to AA-, making it extensible to CORES. An obligor rated AA by Standard & Poor's has a "very strong" capacity to meet its financial commitments.

In October 2011, Moody's decided to lower the long-term rating of the Kingdom of Spain and CORES, from Aa2 to A1 from Aa2 and A2 respectively. Titles rated A have good qualities as investment instruments, and should be considered as upper-middle quality obligations.

Rating Agencies CALIFICATION
Kingdon of Spain CORES
Moody's A1 A2 Negative
Standard Á Poor's A A Negative

The relevant reports can be viewed in the following listings in PDF format:

CORES. CORPORACIÓN DE RESERVAS ESTRATÉGICAS DE PRODUCTOS PETROLÍFEROS
C/ AGASTIA 80, 28043 MADRID, ESPAÑA  | E-MAIL: cores@cores.es
TLF.: +34 91 360 09 10  | FAX: +34 91 420 39 45