Ratings

In December 2024, S&P revised the Company’s credit rating to BB-, with a stable outlook. In February 2025, Moody’s upgraded the rating to Ba3, also with a stable outlook. Most recently, on August 4, 2025, Fitch reaffirmed the Company’s credit rating at BB, but with a negative outlook.

The table below summarizes the most recent credit ratings:

Agency Global Scale Outlook Date
Fitch Ratings BB Negative August 4, 2025
Standard & Poor´s BB- Stable December 6, 2024
Moody´s Ba3 Stable February 12, 2025