Long-Term Local Currency Senior Unsecured Issues

Total Capital International SA

Rating	Watch	Outlook	Decision Date	Action Validity Date	Maximum Validity
AA-		Outlook NEG	07.04.2020	14.04.2020
AA-		Outlook STA	07.11.2019	15.11.2019

14.04.2020

Based on the unsolicited corporate issuer rating of Total Capital International S.A. (AA- / negative), Creditreform Rating adjusted the unsolicited corporate issue ratings of Total Capital International S.A. The rating objects in question are exclusively the long-term senior unsecured issues denominated in euro, which have been issued by Total Capital International S.A. and included in the list of ECB-eligible marketable assets. The ECB list of eligible marketable assets can be found on the ECB´s website. All the following issues (ISIN) are rated with AA- / negative.
15.11.2019

Based on the unsolicited corporate issuer rating of Total Capital International S.A. (AA- / stable) Creditreform Rating has conducted unsolicited corporate issue ratings (ISIN) issued by Total Capital International S.A. The rating objects in question are exclusively long term senior unsecured issues denominated in Euro, which have been issued by Total Capital International S.A. and included in the list of ECB-eligible marketable assets. The ECB list of eligible marketable assets can be found on the ECBs website. All the following issues (ISIN) are rated with AA- / stable.