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Affirmation of a Rating

Affirmations are used to indicate that the current rating remains in force. Affirmations are communicated through a press release and may occur:

· following an informal review

· following the release of new information by the issuer

· following a major market event (such as regulatory changes, a major acquisition, and/or market turbulence, etc.)

· in conjunction with an Outlook change

There may be other situations in which ratings are affirmed.

 

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