RATINGS AFFIRMED WITH NO CHANGE IN RATING OUTLOOKS:

 

 

- Administrator de Infrastruct. Ferroviarias (Administrator de Infrastruct. Ferroviarias) -- Commercial Paper -- P-1

 

- Administrator de Infrastruct. Ferroviarias (Administrator de Infrastruct. Ferroviarias) -- Senior Unsecured (domestic currency) -- Aaa/STA

 

- Aero Vodochody a.s. (Aero Vodochody a.s.) -- Backed Senior Unsecured (foreign currency) -- A1/STA

 

- ANA Aeroportos de Portugal S.A. (Aeroportos e Navegacao Aerea de Madeira) -- Backed Senior Unsecured (domestic currency) -- A2/STA

 

- ANA Aeroportos de Portugal S.A. (ANA Aeroportos de Portugal S.A.) -- Issuer Rating (foreign currency) -- A2/STA

 

- Belgacom Societe Anonyme de Droit Public (Belgacom Services NV/SA) -- short-term (domestic currency) -- P-1

 

- Belgacom Societe Anonyme de Droit Public (Belgacom Societe Anonyme de Droit Public) -- short-term (dom+foreign currency) -- P-1

 

- Charbonnages de France (Charbonnages de France) -- Commercial Paper -- P-1

 

- Charbonnages de France (Charbonnages de France) -- Senior Unsecured (domestic currency) -- Aaa/STA

 

- Corp. Reser. Estrategicas Prod. Petroliferos (Corp. Reser. Estrategicas Prod. Petroliferos) -- Issuer Rating (foreign currency) -- Aaa/STA

 

- Dansk Olie og Naturgas A/S (Dansk Olie og Naturgas A/S) -- Issuer Rating (foreign currency) -- Baa1/STA

 

- Dansk Olie og Naturgas A/S (Dansk Olie og Naturgas A/S) -- Junior Subordinate (foreign currency) -- (P)Baa3/STA

 

- Dansk Olie og Naturgas A/S (DONG Naturgas A/S) -- Issuer Rating (foreign currency) -- Baa1/STA

 

- Deutsche Bahn AG (Deutsche Bahn AG) -- Commercial Paper -- P-1

 

- Deutsche Bahn AG (Deutsche Bahn Finance B.V.) -- Commercial Paper -- P-1

 

- Deutsche Post AG (Deutsche Post AG) -- Issuer Rating -- A1/STA

 

- Deutsche Post AG (Deutsche Post AG) -- short-term Issuer Rating -- P-1

 

- Deutsche Post AG (Deutsche Post Finance B.V.) -- Backed Senior Unsecured (domestic currency) -- A1/STA

 

- Deutsche Telekom AG (Deutsche Telekom AG) -- Commercial Paper -- P-2

 

- Deutsche Telekom AG (Deutsche Telekom International Finance B.V.) -- Commercial Paper -- P-2

 

- DFS Deutsche Flugsicherung GmbH (DFS Deutsche Flugsicherung GmbH) -- Commercial Paper -- P-1

 

- DFS Deutsche Flugsicherung GmbH (DFS Deutsche Flugsicherung GmbH) -- Senior Unsecured (dom+foreign currency) -- Aaa/STA

 

- Electricite de France (CSW Investments) -- Senior Unsecured (dom+foreign currency) -- A3/STA

 

- Electricite de France (EDF Energy (South East) plc) -- Backed Senior Unsecured (domestic currency) -- A3/STA

 

- Electricite de France (EDF Energy (South East) plc) -- short-term -- P-2

 

- Electricite de France (EDF Energy Networks (EPN) plc) -- Commercial Paper -- P-1

 

- Electricite de France (EDF Energy Networks (EPN) plc) -- Senior Unsecured (dom+foreign currency) -- A2/STA

 

- Electricite de France (EDF Energy Networks (LPN) plc) -- Commercial Paper -- P-1

 

- Electricite de France (EDF Energy Networks (LPN) plc) -- Senior Unsecured (dom+foreign currency) -- A2/STA

 

- Electricite de France (EDF Energy Networks (SPN) plc) -- Commercial Paper -- P-2

 

- Electricite de France (EDF Energy Networks (SPN) plc) -- Senior Unsecured (dom+foreign currency) -- A3/STA

 

- Electricite de France (EDF Energy plc) -- Commercial Paper -- P-2

 

- Electricite de France (EDF Energy plc) -- Senior Unsecured (foreign currency) -- A3/STA

 

- Electricite de France (Electricite de France) -- Commercial Paper -- P-1

 

- Electricite de France (London Energy plc) -- Issuer Rating -- A3/STA

 

- Electricite de France (SEEBOARD Energy Ltd) -- Issuer Rating -- A3/STA

 

- ENEL S.p.A. (ENEL Investment Holding B.V.) -- Commercial Paper -- P-1

 

- Energias de Portugal, S.A. (Bandeirante Energia S.A.) -- Issuer Rating (domestic currency) -- Ba3/STA

 

- Energias de Portugal, S.A. (Espirito Santo Centrais Eletricas - ESCELSA) -- Senior Unsecured (foreign currency) -- B2/STA

 

- Energias de Portugal, S.A. (Hidroelectrica del Cantabrico, S.A.) -- Commercial Paper -- P-2

 

- Energie Beheer Nederland B.V. (Energie Beheer Nederland B.V.) -- Commercial Paper -- P-1

 

- Energie Beheer Nederland B.V. (Energie Beheer Nederland B.V.) -- Senior Unsecured (dom+foreign currency) -- Aaa/STA

 

- ENI S.p.A. (ENI Coordination Center S.A.) -- Commercial Paper -- P-1

 

- ENI S.p.A. (ENI International Bank Ltd.) -- Commercial Paper -- P-1

 

- ENI S.p.A. (ENI S.p.A.) -- Commercial Paper -- P-1

 

- Ente Publico Radio Television Espanola (Ente Publico Radio Television Espanola) -- Senior Unsecured (domestic currency) -- Aaa/STA

 

- ERAP (ERAP) -- Senior Unsecured (domestic currency) -- Aaa/STA

 

- Essent N.V. (Essent N.V.) -- Commercial Paper -- P-1

 

- Essent N.V. (Essent Nederland B.V.) -- Commercial Paper -- P-1

 

- EVN AG (EVN AG) -- Senior Unsecured (dom+foreign currency) -- Aa3/STA

 

- EWE AG (EWE AG) -- Senior Unsecured (domestic currency) -- A2/STA

 

- Fingrid Oyj (Fingrid Oyj) -- Commercial Paper -- P-1

 

- Fingrid Oyj (Fingrid Oyj) -- Senior Unsecured (dom+foreign currency) -- Aa3/STA

 

- Fingrid Oyj (Fingrid Oyj) -- Subordinate (domestic currency) -- A1/STA

 

- France Telecom (France Telecom) -- Commercial Paper -- P-2

 

- FRANS 2003 Plc (FRANS 2003 Plc) -- Class A1 and A2 notes -- Aaa/STA

 

- FRANS 2003 Plc (FRANS 2003 Plc) -- Class B notes -- Baa1/STA

 

- Gaz de France (Gaz de France) -- Commercial Paper -- P-1

 

- Great Belt A/S (Great Belt A/S) -- Backed Senior Unsecured -- Aaa/STA

 

- Hellenic Telecommunications Organization S.A. (Hellenic Telecommunications Organization S.A.) -- short-term Issuer Rating (foreign currency) -- P-2

 

- Hellenic Telecommunications Organization S.A. (OTE PLC) -- Backed Commercial Paper -- P-2

 

- Hidroelectrica S.A. (Hidroelectrica S.A.) -- Corporate Family Rating (foreign currency) -- Ba1/STA

 

- Kemira Oyj (Kemira International Finance B.V.) -- Backed Commercial Paper -- P-3

 

- Kemira Oyj (Kemira Oyj) -- Commercial Paper -- P-3

 

- Landsvirkjun (Landsvirkjun) -- Senior Unsecured (dom+foreign currency) -- Aaa/STA

 

- Landsvirkjun (Landsvirkjun) -- short-term (foreign currency) -- P-1

 

- N.V. Luchthaven Schipol (N.V. Luchthaven Schipol) -- Senior Unsecured (domestic currency) -- Aa3/STA

 

- N.V. Luchthaven Schipol (Schiphol Nederland B.V.) -- Senior Unsecured (dom+foreign currency) -- Aa3/STA

 

- NATS (En Route) plc (NATS (En Route) plc) -- Backed Senior Secured (domestic currency) -- Aaa/STA

 

- Nederlandse Gasunie N.V. (Nederlandse Gasunie N.V.) -- Senior Unsecured (domestic currency) -- Aaa/NEG

 

- Norges Statsbaner AS (Norges Statsbaner AS ) -- short-term Issuer Rating -- P-1

 

- Nuon N.V. (Nuon Finance B.V.) -- short-term -- P-1

 

- Nuon N.V. (Nuon N.V.) -- short-term Issuer Rating -- P-1

 

- OAO Southern Telecomunications Company (OAO Southern Telecomunications Company) -- Corporate Family Rating (foreign currency) -- B3/STA

 

- OAO Southern Telecomunications Company (OAO Southern Telecomunications Company) -- Issuer Rating (foreign currency) -- Caa1/STA

 

- Oesterreichische Elektrizitaetswirtschafts-AG (Oesterreichische Elektrizitaetswirtschafts-AG) -- Senior Unsecured (dom+foreign currency) -- A1/STA

 

- OJSC Oil Company Rosneft (OJSC Oil Company Rosneft) -- Backed Senior Unsecured (foreign currency) -- Baa3/POS

 

- Oresundsbro Konsortiet (Oresundsbro Konsortiet) -- Backed Senior Unsecured (domestic currency) -- Aaa/STA

 

- Parpublica (Parpublica) -- Senior Unsecured (domestic currency) -- Aa2/STA

 

- Poste Italiane S.p.A. (Poste Italiane S.p.A.) -- short-term Issuer Rating -- P-1

 

- Radiotelevisao Portuguesa s.a. (Radiotelevisao Portuguesa s.a.) -- Senior Unsecured (domestic currency) -- Aa3/STA

 

- Red Electrica de Espana (Red Electrica de Espana) -- Issuer Rating -- A2/STA

 

- Renault S.A (Renault S.A) -- Commercial Paper -- P-2

 

- Reseau Ferre de France (Reseau Ferre de France) -- Commercial Paper -- P-1

 

- Reseau Ferre de France (Reseau Ferre de France) -- Senior Unsecured (dom+foreign currency) -- Aaa/STA

 

- S.N.C.B. Holding (Infrabel) -- Issuer Rating (foreign currency) -- Aa1/STA

 

- S.N.C.B. Holding (S.N.C.B. Holding) -- Senior Unsecured (dom+foreign currency) -- Aa1/STA

 

- SANEF S.A. (SANEF S.A.) -- Issuer Rating (foreign currency) -- A1/STA

 

- SAS AB (SAS Denmark-Norway-Sweden) -- Commercial Paper -- NP

 

- Sociedad Estatal Participaciones Industriales (Sociedad Estatal Participaciones Industriales) -- Issuer Rating -- Aaa/STA

 

- Societe Nationale des Chemins de fer Francais (Societe Nationale des Chemins de fer Francais) -- Commercial Paper -- P-1

 

- Societe Nationale des Chemins de fer Francais (Societe Nationale des Chemins de fer Francais) -- Senior Unsecured (dom+foreign currency) -- Aaa/STA

 

- Statkraft SF (Statkraft SF) -- Backed Senior Unsecured - guaranteed bonds -- Aaa/STA

 

- Statnett SF (Statnett SF) -- Issuer Rating (foreign currency) -- Aa3/STA

 

- Statnett SF (Statnett SF) -- short-term Issuer Rating -- P-1

 

- Statoil ASA (Statoil ASA) -- Commercial Paper -- P-1

 

- Telekom Austria AG (Telekom Austria AG) -- short-term Issuer Rating -- P-2

 

- Telekom Austria AG (Telekom Finanzmanagement GmbH) -- short-term -- P-2

 

- Telenor ASA (Telenor ASA) -- Commercial Paper -- P-1

 

- Telenor ASA (Telenor ASA) -- Senior Unsecured -- A2/STA

 

- TeliaSonera AB (TeliaSonera AB) -- Commercial Paper -- P-1

 

- TeliaSonera AB (TeliaSonera AB) -- Senior Unsecured (dom+foreign currency) -- A2/STA

 

- TNT NV (TNT NV) -- Senior Unsecured (domestic currency) -- A1/STA

 

- TNT NV (TNT Post Group Finance B.V.) -- Commercial Paper -- P-1

 

- Transnet Ltd. (Transnet Ltd.) -- Backed Senior Unsecured (domestic currency) -- A2/STA

 

- Volkswagen Aktiengesellschaft (Coordination Center Volkswagen SCS) -- Backed Commercial Paper -- P-2

 

- Volkswagen Aktiengesellschaft (Coordination Center Volkswagen SCS) -- Backed Senior Unsecured (dom+foreign currency) -- A3/STA

 

- Volkswagen Aktiengesellschaft (Volkswagen Aktiengesellschaft) -- Commercial Paper -- P-2

 

- Volkswagen Aktiengesellschaft (Volkswagen Aktiengesellschaft) -- Senior Unsecured (domestic currency) -- A3/STA

 

- Volkswagen Aktiengesellschaft (Volkswagen Canada, Inc.) -- Backed Commercial Paper -- P-2

 

- Volkswagen Aktiengesellschaft (Volkswagen Finance Japan K.K.) -- Backed Commercial Paper -- P-2

 

- Volkswagen Aktiengesellschaft (Volkswagen Finance Japan K.K.) -- Backed Senior Unsecured (dom+foreign currency) -- A3/STA

 

- Volkswagen Aktiengesellschaft (Volkswagen Financial Services (NZ) Limited) -- Backed Senior Unsecured (domestic currency) -- A3/STA

 

- Volkswagen Aktiengesellschaft (Volkswagen Financial Services (NZ) Limited) -- Backed short-term -- P-2

 

- Volkswagen Aktiengesellschaft (Volkswagen Financial Services AG) -- Commercial Paper -- P-2

 

- Volkswagen Aktiengesellschaft (Volkswagen Financial Services AG) -- Senior Unsecured (domestic currency) -- A3/STA

 

- Volkswagen Aktiengesellschaft (Volkswagen Financial Services Australia Ltd) -- Backed Senior Unsecured (domestic currency) -- A3/STA

 

- Volkswagen Aktiengesellschaft (Volkswagen Financial Services Australia Ltd) -- Backed short-term -- P-2

 

- Volkswagen Aktiengesellschaft (Volkswagen Financial Services N.V.) -- Backed Commercial Paper -- P-2

 

- Volkswagen Aktiengesellschaft (Volkswagen Financial Services N.V.) -- Senior Unsecured (domestic currency) -- A3/STA

 

- Volkswagen Aktiengesellschaft (Volkswagen Financial Services Singapore Ltd) -- Backed Senior Unsecured (domestic currency) -- A3/STA

 

- Volkswagen Aktiengesellschaft (Volkswagen Financial Services Singapore Ltd) -- Backed short-term -- P-2

 

- Volkswagen Aktiengesellschaft (Volkswagen International Finance N.V.) -- Backed Senior Unsecured (dom+foreign currency) -- A3/STA

 

- Volkswagen Aktiengesellschaft (Volkswagen International Finance N.V.) -- Backed short-term -- P-2

 

- Volkswagen Aktiengesellschaft (Volkswagen Investments Ltd.) -- Backed Senior Unsecured (domestic currency) -- A3/STA

 

- Volkswagen Aktiengesellschaft (Volkswagen Leasing GmbH.) -- Backed Senior Unsecured (domestic currency) -- A3/STA

 

- Volkswagen Aktiengesellschaft (Volkswagen Leasing GmbH.) -- Backed short-term -- P-2

 

- Volkswagen Aktiengesellschaft (Volkswagen of America) -- Backed Commercial Paper -- P-2

 

- Volkswagen Aktiengesellschaft (VW Credit Canada, Inc.) -- Backed Commercial Paper -- P-2

 

- Volkswagen Aktiengesellschaft (VW Credit Canada, Inc.) -- Backed Senior Unsecured (domestic currency) -- A3/STA

 

- Volkswagen Aktiengesellschaft (VW Credit, Inc.) -- Backed Senior Unsecured (domestic currency) -- A3/STA

 

- Yara International ASA (Yara International ASA) -- Senior Unsecured (foreign currency) -- Baa2/STA

 

 

 

RATINGS AFFIRMED; RATING OUTLOOK CHANGED FROM NEGATIVE TO STABLE:

 

 

- Israel Electric Corporation Limited (The) (Israel Electric Corporation Limited (The)) -- Senior Unsecured (foreign currency) -- Baa2/STA

 

 

 

RATINGS AFFIRMED; RATING OUTLOOK CHANGED FROM STABLE TO POSITIVE:

 

 

- Transelectrica S.A (Transelectrica S.A) -- Corporate Family Rating (foreign currency) -- Ba1/POS

 

 

 

RATINGS AFFIRMED; RATING OUTLOOK CHANGED FROM POSITIVE TO STABLE:

 

 

- Colvis Finance Ltd. (Colvis Finance Ltd.) -- Backed Senior Secured (foreign currency) -- B1/STA

 

 

 

RATINGS UPGRADED WITH NO CHANGE IN RATING OUTLOOK:

 

 

- Alrosa Company Ltd. (Alrosa Company Ltd.) -- Corporate Family Rating (foreign currency) -- Ba2/STA

 

- Alrosa Company Ltd. (Alrosa Company Ltd.) -- Issuer Rating (foreign currency) -- Ba3/STA

 

- Alrosa Company Ltd. (Alrosa Finance S.A.) -- Backed Senior Unsecured (foreign currency) -- Ba3/STA

 

- Belgacom Societe Anonyme de Droit Public (Belgacom Finance S.A.) -- Senior Unsecured (dom+foreign currency) -- Aa2/STA

 

- Belgacom Societe Anonyme de Droit Public (Belgacom Societe Anonyme de Droit Public) -- Senior Unsecured (foreign currency) -- Aa2/STA

 

- Bina-Istra d.d. (Bina-Istra d.d.) -- Senior Secured (foreign currency) -- Baa2/STA

 

- Bord Gais Eireann (Bord Gais Eireann) -- Issuer Rating -- A2/STA

 

- Bord Gais Eireann (Bord Gais Eireann) -- short-term Issuer Rating -- P-1

 

- CEZ Finance B.V. (CEZ Finance B.V.) -- Senior Unsecured (dom+foreign currency) -- A3/STA

 

- Deutsche Telekom AG (Deutsche Telekom AG) -- Senior Unsecured (dom+foreign currency) -- A3/STA

 

- Deutsche Telekom AG (Deutsche Telekom International Finance B.V.) -- Senior Unsecured (dom+foreign currency) -- A3/STA

 

- Eesti Energia AS (Eesti Energia AS) -- Senior Unsecured (foreign currency) -- A1/STA

 

- Eesti Energia AS (Eesti Energia AS) -- Short-term Issuer Rating -- P-1

 

- Electricite de France (Electricite de France) -- Senior Unsecured (dom+foreign currency) -- Aa1/STA

 

- ENEL S.p.A. (ENEL Investment Holding B.V.) -- Senior Unsecured (dom+foreign currency) -- Aa3/STA

 

- ENEL S.p.A. (ENEL S.p.A.) -- Senior Unsecured (dom+foreign currency) -- Aa3/STA

 

- Energias de Portugal, S.A. (EDP Finance B.V.) -- Commercial Paper -- P-1

 

- Energias de Portugal, S.A. (EDP Finance B.V.) -- Senior Unsecured (domestic currency) -- A2/STA

 

- Energias de Portugal, S.A. (Energias de Portugal, S.A.) -- Commercial Paper -- P-1

 

- Energias de Portugal, S.A. (Energias de Portugal, S.A.) -- Senior Unsecured (domestic currency) -- A2/STA

 

- Energias de Portugal, S.A. (Hidroelectrica del Cantabrico, S.A.) -- Issuer Rating -- A3/STA

 

- ENI S.p.A. (ENI America Limited) -- Backed Preference Stock (domestic currency) -- A2/STA

 

- ENI S.p.A. (ENI Coordination Center S.A.) -- Senior Unsecured (dom+foreign currency) -- Aa2/STA

 

- ENI S.p.A. (ENI International Bank Ltd.) -- Senior Unsecured (foreign currency) -- Aa2/STA

 

- ENI S.p.A. (ENI S.p.A.) -- Senior Unsecured (domestic currency) -- Aa2/STA

 

- ENI S.p.A. (Lasmo (USA) Inc.) -- Backed Senior Unsecured (domestic currency) -- Aa3/STA

 

- ENI S.p.A. (Lasmo Finance Inc.) -- Backed Senior Unsecured (domestic currency) -- Aa3/STA

 

- ENI S.p.A. (Societa Finanziaria ENI S.p.A.) -- Backed Senior Unsecured (domestic currency) -- Aa2/STA

 

- Eskom Holdings Ltd. (Eskom Holdings Ltd.) -- Senior Unsecured (domestic currency) -- A1/STA

 

- Eskom Holdings Ltd. (Eskom Holdings Ltd.) -- Senior Unsecured (foreign currency) -- A2/STA

 

- European Aeronautic Defence & space Co. EADS (EADS Finance B.V.) -- Backed Senior Unsecured (domestic currency) -- A1/STA

 

- European Aeronautic Defence & space Co. EADS (European Aeronautic Defence & space Co. EADS) -- Senior Unsecured (domestic currency) -- A1/STA

 

- Finmeccanica S.p.A. (Finmeccanica Finance S.A.) -- Backed Senior Unsecured (domestic currency) -- A3/STA

 

- Finmeccanica S.p.A. (Finmeccanica S.p.A.) -- Senior Unsecured (domestic currency) -- A3/STA

 

- Fortum Oyj (Fortum Oyj) -- Senior Unsecured (dom+foreign currency) -- A3/STA

 

- France Telecom (France Telecom) -- Senior Unsecured (dom+foreign currency) -- A3/STA

 

- Gaz de France (Gaz de France) -- Senior Unsecured (dom+foreign currency) -- Aa1/STA

 

- Gaz de France (Gaz de France) -- Subordinate MTN (domestic currency) -- Aa2/STA

 

- Hellenic Telecommunications Organization S.A. (Hellenic Telecommunications Organization S.A.) -- Issuer Rating (domestic currency) -- A3/STA

 

- Hellenic Telecommunications Organization S.A. (OTE PLC) -- Backed Senior Unsecured (domestic currency) -- A3/STA

 

- Hovedstadsregionens Naturgas I/S (Hovedstadsregionens Naturgas I/S) -- Senior Unsecured (dom+foreign currency) -- Aaa/STA

 

- Kazakhstan Electricity Grid Operating Company (Kazakhstan Electricity Grid Operating Company) -- Issuer Rating -- Baa2/POS

 

- Kazakhstan Temir Zholy (KZT) (Kazakhstan Temir Zholy (KZT)) -- Issuer Rating -- Baa1/POS

 

- Latvenergo (Latvenergo) -- Issuer Rating (foreign currency) -- A2/STA

 

- NATS (En Route) plc (NATS (En Route) plc) -- Underlying Senior Secured (domestic currency) -- Baa1/STA

 

- Naturgas Midt/Nord I/S (Naturgas Midt/Nord I/S) -- Senior Unsecured (foreign currency) -- Aaa/STA

 

- NJSC Naftogaz of Ukraine (NJSC Naftogaz of Ukraine) -- Senior Unsecured (foreign currency) -- Ba2/STA

 

- Norges Statsbaner AS (Norges Statsbaner AS ) -- Senior Unsecured (foreign currency) -- Aa1/STA

 

- Norsk Hydro ASA (Norsk Hydro ASA) -- Senior Unsecured (foreign currency) -- A1/STA

 

- OAO AK Transneft (OAO AK Transneft) -- Issuer rating (dom+foreign currency) -- Baa1/POS

 

- OJSC Gazprom (Gaz Capital S.A.) -- Senior Unsecured (dom/foreign currency) -- (P)Baa2/Baa2/POS

 

- OJSC Gazprom (OJSC Gazprom) -- Senior Unsecured (foreign currency) -- Baa2/POS

 

- Poste Italiane S.p.A. (Poste Italiane S.p.A.) -- LT Issuer Rating/MTN (domestic currency) -- Aa2/STA

 

- Poste Italiane S.p.A. (Poste Italiane S.p.A.) -- Senior Unsecured (domestic currency) - gteed bonds -- Aa1/STA

 

- Public Power Corporation S.A. (Public Power Corporation S.A.) -- Senior Unsecured (domestic currency) -- A2/STA

 

- Ras Laffan Liquefied Natural Gas Company Ltd. (Ras Laffan Liquefied Natural Gas Company Ltd.) -- First Mortgage Bonds (domestic currency) -- A1/STA

 

- Rede Ferroviaria Nacional - REFER, E.P. (Rede Ferroviaria Nacional - REFER, E.P.) -- Senior Unsecured (domestic currency) -- Aa2/STA

 

- SAS AB (SAS AB) -- Corporate Family Rating (foreign currency) -- B1/NEG

 

- SAS AB (SAS AB) -- Issuer Rating (foreign currency) -- B2/NEG

 

- SAS AB (SAS Denmark-Norway-Sweden) -- Backed Senior Unsecured (foreign currency) -- B2/NEG

 

- SAS AB (SAS Denmark-Norway-Sweden) -- Backed Subordinate (foreign currency) -- B3/NEG

 

- Statoil ASA (Statoil ASA) -- Senior Unsecured (dom+foreign currency) -- Aa2/STA

 

- Telekom Austria AG (Telekom Austria AG) -- Senior Unsecured (domestic currency) -- A3/POS

 

- Telekom Austria AG (Telekom Finanzmanagement GmbH) -- Senior Unsecured (domestic currency) -- A3/POS

 

- TeliaSonera AB (TeliaSonera Finland Oyj) -- Senior Unsecured (domestic currency) -- A3/STA

 

- Thales (Thales) -- Commercial Paper -- P-1

 

- Thales (Thales) -- Senior Unsecured (dom+foreign currency) -- A1/STA

 

- TPP Varna EAD (TPP Varna EAD) -- Corporate Family Rating (foreign currency) -- Ba2/STA

 

- Transnet Ltd. (Transnet Ltd.) -- Backed Senior Unsecured (foreign currency) -- A3/STA

 

- Vattenfall AB (Vattenfall AB) -- Senior Unsecured (foreign currency) -- A2/POS

 

- Vattenfall AB (Vattenfall AB) -- Subordinate MTN (foreign currency) -- A3/POS

 

- Vattenfall AB (Vattenfall Treasury AB) -- Commercial Paper -- P-1

 

- Vattenfall AB (Vattenfall Treasury AB) -- Junior Subordinate (foreign currency) -- (P)Baa1/POS

 

- Vattenfall AB (Vattenfall Treasury AB) -- Senior Unsecured (dom+foreign currency) -- A2/POS

 

- Vattenfall AB (Vattenfall Treasury AB) -- Subordinate MTN (foreign currency) -- A3/POS

 

- Vattenfall AB (Vattenfall Treasury Inc.) -- Commercial Paper -- P-1

 

 

 

RATINGS UPGRADED; RATING OUTLOOK CHANGED FROM POSITIVE TO STABLE:

 

 

- JSC KazTransGas (Intergas Central Asia) -- Issuer Rating (foreign currency) -- Baa2/STA

 

- JSC KazTransGas (Intergas Finance B.V.) -- Backed Senior Unsecured (foreign currency) -- Baa2/STA

 

- JSC KazTransOil (JSC KazTransOil) -- Senior Unsecured (foreign currency) -- Baa2/STA

 

- Russian Railways Joint Stock Company (Russian Railways Joint Stock Company) -- Issuer Rating (foreign currency) -- Baa2/STA

 

 

 

RATINGS PLACED UNDER REVIEW FOR UPGRADE:

 

 

- Acquedotto Pugliese S.p.A. (Acquedotto Pugliese S.p.A.) -- Senior Unsecured (foreign currency) -- Baa3/UR-U

 

- CFR Marfa, S.A. (CFR Marfa, S.A.) -- Senior Unsecured (foreign currency) -- B2/UR-U

 

- Compania Nationala de Cai Ferate CFR S.A. (Compania Nationala de Cai Ferate CFR S.A.) -- Corporate Family Rating (foreign currency) -- B2/UR-U

 

- Deutsche Bahn AG (Deutsche Bahn AG) -- Senior Unsecured (dom+foreign currency) -- Aa1/UR-U

 

- Deutsche Bahn AG (Deutsche Bahn Finance B.V.) -- Senior Unsecured (dom+foreign currency) -- Aa1/UR-U

 

- Electricite de France (EDF Trading Limited) -- Issuer Rating -- A3/UR-U

 

- Energie Baden-Wuerttemberg AG (EnBW International Finance B.V.) -- Senior Unsecured (dom+foreign currency) -- A3/UR-U

 

- Energie Baden-Wuerttemberg AG (EnBW International Finance B.V.) -- short-term -- P-2/UR-U

 

- Energie Baden-Wuerttemberg AG (Energie Baden-Wuerttemberg AG) -- Senior Unsecured (domestic currency) -- A3/UR-U

 

- Energie Baden-Wuerttemberg AG (Energie Baden-Wuerttemberg AG) -- short-term Issuer Rating -- P-2/UR-U

 

- Essent N.V. (Essent N.V.) -- Senior Unsecured (domestic currency) -- A2/UR-U

 

- Essent N.V. (Essent Nederland B.V.) -- Senior Unsecured (domestic currency) -- A2/UR-U

 

- Nuon N.V. (Nuon Finance B.V.) -- Senior Unsecured (dom+foreign currency) -- A2/UR-U

 

- Nuon N.V. (Nuon N.V.) -- Issuer Rating -- A2/UR-U

 

- Nuon N.V. (Nuon Power Generation B.V.) -- Issuer Rating -- A3/UR-U

 

- Renault S.A (Renault S.A) -- Senior Unsecured (dom+foreign currency) -- Baa1/UR-U

 

- Renault S.A (Renault S.A) -- Subordinate (domestic currency) -- Baa2/UR-U

 

- Statkraft SF (Statkraft AS) -- Issuer Rating (foreign currency) -- Baa2/UR-U

 

- TSA (TSA) -- Senior Unsecured (domestic currency) -- A3/UR-U

 

 

 

RATINGS REMAINING UNDER REVIEW FOR UPGRADE:

 

 

- Polskie Gornictwo Naftowe I Gazownictwo S.A. (Polskie Gornictwo Naftowe I Gazownictwo S.A.) -- Issuer Rating -- Baa3/UR-U

 

 

 

RATINGS REMAINING UNDER REVIEW FOR DOWNGRADE:

 

 

- Bezeq Israeli Telecommunication Corp. Ltd. (Bezeq Israeli Telecommunication Corp. Ltd.) -- Senior Unsecured (foreign currency) -- A3/UR-D

 

- Bezeq Israeli Telecommunication Corp. Ltd. (Bezeq Israeli Telecommunication Corp. Ltd.) -- Senior Unsecured MTN (foreign currency) -- A3/UR-D

 

- Bezeq Israeli Telecommunication Corp. Ltd. (Bezeq Israeli Telecommunication Corp. Ltd.) -- Senior Unsecured Bank (foreign currency) -- A3/UR-D

 

 

 

RATINGS ASSIGNED:

 

 

- Lietuvos Energija AB (Lietuvos Energija AB) -- Senior Unsecured (foreign currency) -- A3/POS