TEF - Moodys Credit Rating of Telefónica

RNS Number : 5497O

Telefonica SA

07 November 2016

 

RAMIRO SÁNCHEZ DE LERÍN GARCÍA-OVIES

General Secretary and

Secretary to the Board of Directors

TELEFÓNICA, S.A.

TELEFÓNICA, S.A. as provided in article 228 of the Spanish Securities Act (Ley del Mercado de Valores), hereby reports the following

SIGNIFICANT EVENT

Today, Monday November 7, 2016 the credit rating agency Moody´s Investors Service (Moody's) has published its decision to lower the long-term credit rating of Telefónica, S.A. from Baa2 to Baa3. At the same time, Moody´s has lowered the short-term ratings to Prime-3 from Prime-2. The outlook on the ratings is stable.

Madrid, November 7, 2016.

 

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