Performance Highlights

Ratings

LETTER TO SHAREHOLDERS

Year Rating Agency
Moody's Fitch S&P
2019 Deposit rating: Baa2/P-2;
Baseline credit assessment: ba2;
Outlook: Stable.
Default Rating: BBB
Support Rating: 2
Support rating floor: BBB;
Viability rating: b+;
Outlook: Stable.
Long-term issuer credit rating: BBB+;
Short-term rating: A-2;
Long-term rating outlook: Stable.
2018 Deposit rating: Baa2/P-2;
Baseline credit assessment: ba2;
Outlook: Positive.
Default rating: BBB;
Support rating: 2;
Support rating floor: BBB;
Viability rating: b+;
Outlook: Stable.
Long-term issuer credit rating: BBB+;
Short-term rating: A-2;
Long-term rating outlook: Stable.
2017 Deposit rating: Baa2/P-2;
Baseline credit assessment: ba2;
Outlook: Stable.
Default rating: BBB;
Support rating: 2;
Support rating floor: BBB;
Viability rating: b+;
Outlook: Stable.
Long-term issuer credit rating: BBB+;
Short-term rating: A-2;
Long-term rating outlook: Stable.