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| Issuer Rating | Outlook | History | Latest change | General information | 
|---|---|---|---|---|
| B | Stable |  | 
                                                        
                                                            
                                                                Downgrade
                                                        
                                                        
                                                            
                                                            18/06/2025
                                                        
                                                     | 
                                                                
                                                                Entity rating
                                                             
                                                                
                                                                Public
                                                             
                                                                
                                                                Unsolicited
                                                             
                                                                
                                                                    With issuer participation
                                                             
                                                                
                                                                UK endorsed
                                                             
                                                                
                                                                EU Rated
                                                             Daniel Szebenyi
                                                                    Lead analyst Philipp Wass
                                                                    Committee chair | 
| Senior Unsecured Debt Rating | Outlook | History | Latest change | General information | 
|---|---|---|---|---|
| B | None |  | 
                                                        
                                                            
                                                                Downgrade
                                                        
                                                        
                                                            
                                                            18/06/2025
                                                        
                                                     | 
                                                                
                                                                Entity rating
                                                             
                                                                
                                                                Public
                                                             
                                                                
                                                                Unsolicited
                                                             
                                                                
                                                                    With issuer participation
                                                             
                                                                
                                                                UK endorsed
                                                             
                                                                
                                                                EU Rated
                                                             Daniel Szebenyi
                                                                    Lead analyst Philipp Wass
                                                                    Committee chair | 
