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      Instrument data
      Issuer
      INSTITUTO DE CREDITO OFICIAL
      Senority
      Senior Unsecured
      Currency
      BRL
      ISIN
      XS3205657235
      Coupon percent
      12.28%
      Coupon type
      Fixed:Pay only at Maturity
      Instrument volume
      500,000,000
      Maturity date
      21/12/2026
      -
      A Outlook: Stable
      A Outlook: Stable
      Latest change
      New
      12/11/2025
      General information
      Rating
      Public
      Solicited
      With issuer participation
      UK endorsed
      EU Rated
      Jakob Suwalski Lead analyst
      Alvise Lennkh-Yunus Committee chair
      Scope affirms and publishes ICO’s long-term ratings at A with a Stable Outlook

      28/2/2025 Rating announcement EN

      Scope affirms and publishes ICO’s long-term ratings at A with a Stable Outlook

      The ratings are aligned with the Kingdom of Spain’s rating, reflecting the explicit, irrevocable, unconditional, and direct guarantee provided by the state on all of ICO’s liabilities.

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