Non-Financial Corporate Entities Rating Criteria

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London, Lisbon 31 March 2022 – ARC Ratings (‘ARC’) has published its updated Non‑Financial Corporate Entities (‘NFC’) Rating Criteria. This is an update to the report published in March 2021. There are no material changes and as such no rating impact. The full criteria report can be accessed at www.arcratings.com.

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NON-FINANCIAL CORPORATE ENTITIES RATING CRITERIA

31 Mar 2022

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