Creditreform Rating has affirmed the unsolicited corporate issuer rating of Repsol S.A. as well as the unsolicited corporate issuer ratings of Repsol Europe Finance S.à.r.l. and Repsol lnternational Finance B.V. at BBB+. Creditreform Rating has also affirmed the unsolicited corporate issue ratings of the long-term local currency senior unsecured notes issued by Repsol Europe Finance S.à.r.l. and Repsol lnternational Finance B.V. at BBB+. These issues are included in the list of ECB-eligible marketable assets, which can be found on the ECB's website. The outlook for the ratings remains stable. For more details regarding the ratings, please refer to our rating update below.
Creditreform Rating AG has set the initial unsolicited corporate issuer rating of Repsol lnternational Finance B.V. at BBB+ with stable outlook. Repsol lnternational Finance B.V.'s activity is the provision of treasury activities to the Repsol Group. Due to the financial-, corporate- and liability relationship to the Repsol Group the unsolicited corporate issuer rating of Repsol lnternational Finance B.V. equates with the unsolicited corporate issuer rating of Repsol S.A., which is BBB+ / stable.