FITCH AND MOODY’S AFFIRM CEPSA RATINGS AND S&P LEAVES THEIR RATING UNCHANGED (Madrid, 7 April 2020)

Both Fitch and Moody’s affirmed Cepsa’s long term rating at BBB- and Baa3, respectively, with revised outlooks (from positive to stable and from stable to negative) as a result of the deteriorating global economic outlook following the coronavirus outbreak and the decrease in crude oil prices. S&P, to date, has taken no action concerning Cepsa’s rating.

Note: these credit ratings may be revised, suspended or withdrawn at any time by the respective rating agency.
Further information:
- Standard & Poor's

- Moody's

- Fitch Ratings