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In This List
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Calendar Of 2020 EMEA Sovereign, Regional, And Local Government Rating Publication Dates: Midyear Update

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Calendar Of 2020 EMEA Sovereign, Regional, And Local Government Rating Publication Dates: Midyear Update

European Credit Rating Agency Regulation: Calendar For Jan. 1, To Dec. 31, 2020

This calendar sets out potential publication dates for sovereign, regional, and local government ratings and related outlooks in accordance with European regulatory requirements. S&P Global Ratings has nominated two or three publication dates in 2020 for each sovereign and regional and local government it currently rates, on a solicited or unsolicited basis, from its offices in Dubai, Dublin, Frankfurt, Johannesburg, London, Madrid, Milan, Moscow, Paris, and Stockholm.

As required by regulation, all publication dates are on Fridays. Regulations allow credit rating agencies to deviate from their announced calendar where necessary to comply with their other legal obligations, for example, to disclose credit ratings based on all available and relevant information in a timely manner, but states that deviations should not happen "routinely." Credit rating agencies, including S&P Global Ratings, are required to provide a detailed rationale for any deviation.

Applicable regulations define a "sovereign rating" as a credit rating where:

  • The entity rated is a state or a regional or local authority of a state.
  • The issuer of the debt or financial obligation, debt security or other financial instrument is a state or a regional or local authority of a state, or a special purpose vehicle of a state or of a regional or local authority.
  • The issuer is an international financial institution established by two or more states, which has the purpose of mobilizing funding and providing financial assistance for the benefit of the members of that international financial institution, which are experiencing or threatened by severe financing problems.

For convenience, publication dates are listed separately for sovereigns and for regional and local governments. Each listing is available in two versions, with entities sorted by first publication date and alphabetically (see tables 1-4). In our update, any new ratings, withdrawals, suspensions, and deviations during the preceding six months are also provided (see tables 5 and 6). To search a list for a specific country or government, press CTRL + F on your keyboard and type in the name of entity.

Sovereign Ratings

Table 1

Sovereigns (Sorted By Publication Date)
Rated entity First publication date Second publication date Third publication date

Andorra

Jan. 17, 2020 Jul. 17, 2020 --

Guernsey

Jan. 17, 2020 Jul. 17, 2020 --

Jersey

Jan. 17, 2020 Jul. 17, 2020 --

Kuwait

Jan. 17, 2020 Jul. 17, 2020 --

Russia

Jan. 17, 2020 Jul. 17, 2020 --

Azerbaijan

Jan. 24, 2020 Jul. 24, 2020 --

Slovakia

Jan. 24, 2020 Jul. 24, 2020 --

Albania

Jan. 31, 2020 Jul. 31, 2020 --

Congo (the Democratic Republic of the)

Jan. 31, 2020 Jul. 31, 2020 --

Israel

Jan. 31, 2020 May. 15, 2020 Nov. 13, 2020

Turkey*

Jan. 31, 2020 Jul. 24, 2020 --

Angola

Feb. 7, 2020 Aug. 7, 2020 --

Rwanda

Feb. 7, 2020 Aug. 7, 2020 --

Hungary

Feb. 14, 2020 Aug. 14, 2020 --

Sweden*

Feb. 14, 2020 Aug. 14, 2020 --

Iraq

Feb. 21, 2020 Aug. 21, 2020 --

Latvia

Feb. 21, 2020 Aug. 21, 2020 --

Lebanon

Feb. 21, 2020 Aug. 21, 2020 --

Lithuania

Feb. 21, 2020 Aug. 14, 2020 --

Switzerland*

Feb. 21, 2020 Aug. 21, 2020 --

Tajikistan

Feb. 21, 2020 Aug. 21, 2020 --

Zambia

Feb. 21, 2020 Aug. 21, 2020 --

Bosnia and Herzegovina

Feb. 28, 2020 Aug. 28, 2020 --

Cape Verde

Feb. 28, 2020 Aug. 28, 2020 --

Denmark*

Feb. 28, 2020 Aug. 28, 2020 --

Estonia

Feb. 28, 2020 Aug. 21, 2020 --

Georgia (Government of)

Feb. 28, 2020 Aug. 28, 2020 --

Nigeria

Feb. 28, 2020 Aug. 28, 2020 --

Congo-Brazzaville

Mar. 6, 2020 Sep. 4, 2020 --

Cyprus

Mar. 6, 2020 Sep. 4, 2020 --

Finland

Mar. 6, 2020 Sep. 4, 2020 --

Kazakhstan

Mar. 6, 2020 Sep. 4, 2020 --

Montenegro

Mar. 6, 2020 Sep. 4, 2020 --

North Macedonia

Mar. 6, 2020 Sep. 4, 2020 --

Austria

Mar. 13, 2020 Sep. 11, 2020 --

Ghana

Mar. 13, 2020 Sep. 11, 2020 --

Jordan

Mar. 13, 2020 Sep. 11, 2020 --

Kenya

Mar. 13, 2020 Sep. 11, 2020 --

Luxembourg

Mar. 13, 2020 Sep. 11, 2020 --

Malta

Mar. 13, 2020 Sep. 11, 2020 --

Norway

Mar. 13, 2020 Sep. 11, 2020 --

Portugal*

Mar. 13, 2020 Sep. 11, 2020 --

Ukraine

Mar. 13, 2020 Sep. 11, 2020 --

Belgium*

Mar. 20, 2020 Sep. 18, 2020 --

Croatia

Mar. 20, 2020 Sep. 18, 2020 --

Spain*

Mar. 20, 2020 Sep. 18, 2020 --

Botswana

Mar. 27, 2020 Sep. 18, 2020 --

Ethiopia

Mar. 27, 2020 Sep. 25, 2020 --

Saudi Arabia*

Mar. 27, 2020 Sep. 25, 2020 --

Belarus

Apr. 3, 2020 Oct. 2, 2020 --

France*

Apr. 3, 2020 Oct. 2, 2020 --

Germany*

Apr. 3, 2020 Oct. 2, 2020 --

Morocco

Apr. 3, 2020 Oct. 2, 2020 --

St. Helena

Apr. 3, 2020 Oct. 2, 2020 --

Cameroon

Apr. 10, 2020 Oct. 9, 2020 --

Poland

Apr. 10, 2020 Oct. 2, 2020 --

Oman

Apr. 17, 2020 Oct. 16, 2020 --

European Financial Stability Facility

Apr. 24, 2020 Oct. 23, 2020 --

Greece

Apr. 24, 2020 Oct. 23, 2020 --

Italy*

Apr. 24, 2020 Oct. 23, 2020 --

Mozambique

Apr. 24, 2020 Oct. 23, 2020 --

Ras Al Khaimah (Emirate of)

Apr. 24, 2020 Oct. 23, 2020 --

Sharjah (Emirate of)

Apr. 24, 2020 Oct. 23, 2020 --

Togo

Apr. 24, 2020 Oct. 23, 2020 --

United Kingdom*

Apr. 24, 2020 Oct. 23, 2020 --

Czech Republic*

May. 1, 2020 Oct. 30, 2020 --

Egypt

May. 8, 2020 Nov. 6, 2020 --

Qatar

May. 8, 2020 Nov. 6, 2020 --

Burkina Faso

May. 15, 2020 Nov. 13, 2020 --

Iceland

May. 15, 2020 Nov. 13, 2020 --

Netherlands*

May. 15, 2020 Nov. 13, 2020 --

South Africa

May. 22, 2020 Nov. 20, 2020 --

Abu Dhabi (Emirate of)

May. 29, 2020 Nov. 27, 2020 --

Bahrain

May. 29, 2020 Nov. 27, 2020 --

Bulgaria

May. 29, 2020 Nov. 27, 2020 --

Ireland

May. 29, 2020 Nov. 27, 2020 --

Liechtenstein

May. 29, 2020 Nov. 27, 2020 --

Romania

Jun. 5, 2020 Dec. 4, 2020 --

Senegal

Jun. 5, 2020 Dec. 4, 2020 --

Uzbekistan

Jun. 5, 2020 Dec. 4, 2020 --

Serbia

Jun. 12, 2020 Dec. 11, 2020 --

Slovenia

Jun. 12, 2020 Dec. 11, 2020 --

Uganda

Jun. 12, 2020 Dec. 11, 2020 --

Benin

Jun. 19, 2020 Oct. 23, 2020 --
*Unsolicited ratings.

Table 2

Sovereigns (Sorted Alphabetically)
Rated entity First publication date Second publication date Third publication date

Abu Dhabi (Emirate of)

May. 29, 2020 Nov. 27, 2020 --

Albania

Jan. 31, 2020 Jul. 31, 2020 --

Andorra

Jan. 17, 2020 Jul. 17, 2020 --

Angola

Feb. 7, 2020 Aug. 7, 2020 --

Austria

Mar. 13, 2020 Sep. 11, 2020 --

Azerbaijan

Jan. 24, 2020 Jul. 24, 2020 --

Bahrain

May. 29, 2020 Nov. 27, 2020 --

Belarus

Apr. 3, 2020 Oct. 2, 2020 --

Belgium*

Mar. 20, 2020 Sep. 18, 2020 --

Benin

Jun. 19, 2020 Oct. 23, 2020 --

Bosnia and Herzegovina

Feb. 28, 2020 Aug. 28, 2020 --

Botswana

Mar. 27, 2020 Sep. 18, 2020 --

Bulgaria

May. 29, 2020 Nov. 27, 2020 --

Burkina Faso

May. 15, 2020 Nov. 13, 2020 --

Cameroon

Apr. 10, 2020 Oct. 9, 2020 --

Cape Verde

Feb. 28, 2020 Aug. 28, 2020 --

Congo (the Democratic Republic of the)

Jan. 31, 2020 Jul. 31, 2020 --

Congo-Brazzaville

Mar. 6, 2020 Sep. 4, 2020 --

Croatia

Mar. 20, 2020 Sep. 18, 2020 --

Cyprus

Mar. 6, 2020 Sep. 4, 2020 --

Czech Republic*

May. 1, 2020 Oct. 30, 2020 --

Denmark*

Feb. 28, 2020 Aug. 28, 2020 --

Egypt

May. 8, 2020 Nov. 6, 2020 --

Estonia

Feb. 28, 2020 Aug. 21, 2020 --

Ethiopia

Mar. 27, 2020 Sep. 25, 2020 --

European Financial Stability Facility

Apr. 24, 2020 Oct. 23, 2020 --

Finland

Mar. 6, 2020 Sep. 4, 2020 --

France*

Apr. 3, 2020 Oct. 2, 2020 --

Georgia (Government of)

Feb. 28, 2020 Aug. 28, 2020 --

Germany*

Apr. 3, 2020 Oct. 2, 2020 --

Ghana

Mar. 13, 2020 Sep. 11, 2020 --

Greece

Apr. 24, 2020 Oct. 23, 2020 --

Guernsey

Jan. 17, 2020 Jul. 17, 2020 --

Hungary

Feb. 14, 2020 Aug. 14, 2020 --

Iceland

May. 15, 2020 Nov. 13, 2020 --

Iraq

Feb. 21, 2020 Aug. 21, 2020 --

Ireland

May. 29, 2020 Nov. 27, 2020 --

Israel

Jan. 31, 2020 May. 15, 2020 Nov. 13, 2020

Italy*

Apr. 24, 2020 Oct. 23, 2020 --

Jersey

Jan. 17, 2020 Jul. 17, 2020 --

Jordan

Mar. 13, 2020 Sep. 11, 2020 --

Kazakhstan

Mar. 6, 2020 Sep. 4, 2020 --

Kenya

Mar. 13, 2020 Sep. 11, 2020 --

Kuwait

Jan. 17, 2020 Jul. 17, 2020 --

Latvia

Feb. 21, 2020 Aug. 21, 2020 --

Lebanon

Feb. 21, 2020 Aug. 21, 2020 --

Liechtenstein

May. 29, 2020 Nov. 27, 2020 --

Lithuania

Feb. 21, 2020 Aug. 14, 2020 --

Luxembourg

Mar. 13, 2020 Sep. 11, 2020 --

Malta

Mar. 13, 2020 Sep. 11, 2020 --

Montenegro

Mar. 6, 2020 Sep. 4, 2020 --

Morocco

Apr. 3, 2020 Oct. 2, 2020 --

Mozambique

Apr. 24, 2020 Oct. 23, 2020 --

Netherlands*

May. 15, 2020 Nov. 13, 2020 --

Nigeria

Feb. 28, 2020 Aug. 28, 2020 --

North Macedonia

Mar. 6, 2020 Sep. 4, 2020 --

Norway

Mar. 13, 2020 Sep. 11, 2020 --

Oman

Apr. 17, 2020 Oct. 16, 2020 --

Poland

Apr. 10, 2020 Oct. 2, 2020 --

Portugal*

Mar. 13, 2020 Sep. 11, 2020 --

Qatar

May. 8, 2020 Nov. 6, 2020 --

Ras Al Khaimah (Emirate of)

Apr. 24, 2020 Oct. 23, 2020 --

Romania

Jun. 5, 2020 Dec. 4, 2020 --

Russia

Jan. 17, 2020 Jul. 17, 2020 --

Rwanda

Feb. 7, 2020 Aug. 7, 2020 --

Saudi Arabia*

Mar. 27, 2020 Sep. 25, 2020 --

Senegal

Jun. 5, 2020 Dec. 4, 2020 --

Serbia

Jun. 12, 2020 Dec. 11, 2020 --

Sharjah (Emirate of)

Apr. 24, 2020 Oct. 23, 2020 --

Slovakia

Jan. 24, 2020 Jul. 24, 2020 --

Slovenia

Jun. 12, 2020 Dec. 11, 2020 --

South Africa

May. 22, 2020 Nov. 20, 2020 --

Spain*

Mar. 20, 2020 Sep. 18, 2020 --

St. Helena

Apr. 3, 2020 Oct. 2, 2020 --

Sweden*

Feb. 14, 2020 Aug. 14, 2020 --

Switzerland*

Feb. 21, 2020 Aug. 21, 2020 --

Tajikistan

Feb. 21, 2020 Aug. 21, 2020 --

Togo

Apr. 24, 2020 Oct. 23, 2020 --

Turkey*

Jan. 31, 2020 Jul. 24, 2020 --

Uganda

Jun. 12, 2020 Dec. 11, 2020 --

Ukraine

Mar. 13, 2020 Sep. 11, 2020 --

United Kingdom*

Apr. 24, 2020 Oct. 23, 2020 --

Uzbekistan

Jun. 5, 2020 Dec. 4, 2020 --

Zambia

Feb. 21, 2020 Aug. 21, 2020 --
*Unsolicited ratings.

Local And Regional Government Ratings

Table 3

Local And Regional Governments (Sorted By Publication Date)
Rated entity Country First publication date Second publication date Third publication date

Aargau (Canton of)

Switzerland Jan. 17, 2020 Jun. 19, 2020 Dec. 18, 2020

Lazio (Region of)

Italy Jan. 17, 2020 May. 15, 2020 Nov. 13, 2020

Rome (City of)

Italy Jan. 17, 2020 May. 1, 2020 Oct. 30, 2020

Sicily (Region of)

Italy Jan. 24, 2020 Jul. 24, 2020 --

Styria (State of)

Austria Jan. 31, 2020 Jul. 31, 2020 --

Canary Islands (Autonomous Community of)

Spain Feb. 7, 2020 May. 29, 2020 Nov. 27, 2020

Moscow (City of)

Russia Feb. 7, 2020 Aug. 7, 2020 --

Baden-Wuerttemberg (State of)

Germany Feb. 14, 2020 Aug. 14, 2020 --

Boras (City of)

Sweden Feb. 14, 2020 Aug. 14, 2020 --

Brussels-Capital (Region of)

Belgium Feb. 14, 2020 Jun. 26, 2020 Sep. 25, 2020

Lower Austria (State of)*

Austria Feb. 14, 2020 Aug. 14, 2020 --

Tyrol (State of)

Austria Feb. 14, 2020 Aug. 14, 2020 --

Vellinge (Municipality of)

Sweden Feb. 14, 2020 Aug. 14, 2020 --

Plovdiv (City of)

Bulgaria Feb. 21, 2020 Aug. 21, 2020 --

Galicia (Autonomous Community of)

Spain Feb. 28, 2020 Jun. 19, 2020 Dec. 18, 2020

Hesse (State of)

Germany Feb. 28, 2020 Apr. 24, 2020 Oct. 23, 2020

Sofia (City of)

Bulgaria Feb. 28, 2020 Aug. 28, 2020 --

Bavaria (State of)

Germany Mar. 6, 2020 Sep. 4, 2020 --

North Rhine-Westphalia (State of)

Germany Mar. 6, 2020 Sep. 4, 2020 --

Saxony (State of)

Germany Mar. 6, 2020 Sep. 4, 2020 --

Taby (Municipality of)

Sweden Mar. 6, 2020 Sep. 4, 2020 --

Barcelona (City of)

Spain Mar. 13, 2020 Sep. 11, 2020 --

Goteborg (City of)

Sweden Mar. 13, 2020 Sep. 11, 2020 --

Lund (Municipality of)

Sweden Mar. 13, 2020 Sep. 11, 2020 --

Stara Zagora (City of)

Bulgaria Mar. 13, 2020 Sep. 11, 2020 --

Greater London Authority

United Kingdom Mar. 20, 2020 Sep. 18, 2020 --

Krakow (City of)

Poland Mar. 20, 2020 Sep. 18, 2020 --

Lodz (City of)

Poland Mar. 20, 2020 Sep. 18, 2020 --

Saxony-Anhalt (State of)

Germany Mar. 20, 2020 Sep. 18, 2020 --

Sundsvall (Municipality of)

Sweden Mar. 20, 2020 Sep. 18, 2020 --

Tomsk Oblast

Russia Mar. 20, 2020 Sep. 18, 2020 --

Uppsala (City of)

Sweden Mar. 20, 2020 Sep. 18, 2020 --

Vorarlberg (State of)

Austria Mar. 20, 2020 Sep. 18, 2020 --

Basque Country (Autonomous Community of the)

Spain Mar. 27, 2020 Sep. 25, 2020 --

Bizkaia (Historical Territory of)

Spain Mar. 27, 2020 Sep. 25, 2020 --

Navarre (Autonomous Community of)

Spain Mar. 27, 2020 Sep. 25, 2020 --

Zagreb (City of)

Croatia Mar. 27, 2020 Sep. 25, 2020 --

Olomouc (City of)

Czech Republic Apr. 3, 2020 Oct. 2, 2020 --

Orebro (Municipality of)

Sweden Apr. 3, 2020 Oct. 2, 2020 --

Samara Oblast

Russia Apr. 3, 2020 Oct. 2, 2020 --

St. Gallen (Canton of)

Switzerland Apr. 3, 2020 Oct. 2, 2020 --

Stockholm (Region of)

Sweden Apr. 3, 2020 Oct. 2, 2020 --

Vastra Gotaland (Region of)

Sweden Apr. 3, 2020 Oct. 2, 2020 --

Lyon (City of)

France Apr. 10, 2020 Oct. 9, 2020 --

Marseille (City of)

France Apr. 10, 2020 Oct. 9, 2020 --

Paris (City of)

France Apr. 10, 2020 Oct. 9, 2020 --

Jonkoping (Municipality of)

Sweden Apr. 17, 2020 Oct. 16, 2020 --

Ostersund (Municipality of)

Sweden Apr. 17, 2020 Oct. 16, 2020 --

Skopje (Municipality of)

North Macedonia Apr. 17, 2020 Oct. 16, 2020 --

Andalusia (Autonomous Community of)

Spain Apr. 24, 2020 Oct. 23, 2020 --

Burgenland (State of)

Austria Apr. 24, 2020 Oct. 23, 2020 --

Extremadura (Autonomous Community of)

Spain Apr. 24, 2020 Oct. 23, 2020 --

Geneva (City of)

Switzerland Apr. 24, 2020 Oct. 23, 2020 --

Helsingborg (City of)

Sweden Apr. 24, 2020 Oct. 23, 2020 --

Riga (City of)

Latvia Apr. 24, 2020 Oct. 23, 2020 --

Skane (Region of)

Sweden Apr. 24, 2020 Oct. 23, 2020 --

Zurich (City of)

Switzerland Apr. 24, 2020 Oct. 23, 2020 --

Liguria (Region of)

Italy May. 1, 2020 Oct. 30, 2020 --

Linkoping (Municipality of)

Sweden May. 1, 2020 Oct. 30, 2020 --

Norrtalje (Municipality of)

Sweden May. 1, 2020 Oct. 30, 2020 --

Aragon (Autonomous Community of)

Spain May. 8, 2020 Nov. 6, 2020 --

Basel-City (Canton of)

Switzerland May. 8, 2020 Nov. 6, 2020 --

Basel-Country (Canton of)

Switzerland May. 8, 2020 Nov. 6, 2020 --

Huddinge (Municipality of)

Sweden May. 8, 2020 Nov. 6, 2020 --

Madrid (Autonomous Community of)

Spain May. 8, 2020 Nov. 6, 2020 --

Balearic Islands (Autonomous Community of the)

Spain May. 15, 2020 Nov. 13, 2020 --

Brno (City of)

Czech Republic May. 15, 2020 Nov. 13, 2020 --

Campania (Region of)

Italy May. 15, 2020 Nov. 13, 2020 --

Gironde (Department of)

France May. 15, 2020 Nov. 13, 2020 --

Hauts-de-Seine (Department of)

France May. 15, 2020 Nov. 13, 2020 --

Kyiv (City of)

Ukraine May. 15, 2020 Nov. 13, 2020 --

Oslo (City of)

Norway May. 15, 2020 Nov. 13, 2020 --

Seine-et-Marne (Department of)

France May. 15, 2020 Nov. 13, 2020 --

Solothurn (Canton of)

Switzerland May. 15, 2020 Nov. 13, 2020 --

Stavanger (Municipality of)

Norway May. 15, 2020 Nov. 13, 2020 --

Stockholm (City of)

Sweden May. 15, 2020 Nov. 13, 2020 --

Umbria (Region of)

Italy May. 15, 2020 Nov. 13, 2020 --

Krasnoyarsk Krai

Russia May. 22, 2020 Nov. 20, 2020 --

Upper Austria (State of)

Austria May. 22, 2020 Nov. 20, 2020 --

Valencia (Autonomous Community of)

Spain May. 22, 2020 Nov. 20, 2020 --

Zurich (Canton of)

Switzerland May. 22, 2020 Nov. 20, 2020 --

Malmo (City of)

Sweden May. 29, 2020 Nov. 27, 2020 --

Prague (City of)

Czech Republic May. 29, 2020 Nov. 27, 2020 --

Vaud (Canton of)

Switzerland May. 29, 2020 Nov. 27, 2020 --

Lausanne (City of)

Switzerland Jun. 5, 2020 Dec. 4, 2020 --

Nacka (Municipality of)

Sweden Jun. 5, 2020 Dec. 4, 2020 --

Sodertalje (Municipality of)

Sweden Jun. 5, 2020 Dec. 4, 2020 --

Vasteras (City of)

Sweden Jun. 5, 2020 Dec. 4, 2020 --

Yamal-Nenets Autonomous Okrug

Russia Jun. 5, 2020 Dec. 4, 2020 --

Auvergne-Rhone-Alpes (Region of)

France Jun. 12, 2020 Dec. 11, 2020 --

Essonne (Department of)

France Jun. 12, 2020 Dec. 11, 2020 --

Hauts-de-France (Region of)

France Jun. 12, 2020 Dec. 11, 2020 --

Norrkoping (Municipality of)

Sweden Jun. 12, 2020 Dec. 11, 2020 --

Pays de La Loire (Region of)

France Jun. 12, 2020 Dec. 11, 2020 --

Saint-Quentin-en-Yvelines (Intercity of)

France Jun. 12, 2020 Dec. 11, 2020 --

Yvelines (Department of)

France Jun. 12, 2020 Dec. 11, 2020 --

Geneva (Republic and Canton of)

Switzerland Jun. 19, 2020 Dec. 18, 2020 --

Leningrad Oblast

Russia Jun. 19, 2020 Dec. 18, 2020 --
*Unsolicited ratings.

Table 4

Local And Regional Governments (Sorted Alphabetically By Country And Then By Entity)
Rated entity Country First publication date Second publication date Third publication date

Burgenland (State of)

Austria Apr. 24, 2020 Oct. 23, 2020 --

Lower Austria (State of)*

Austria Feb. 14, 2020 Aug. 14, 2020 --

Styria (State of)

Austria Jan. 31, 2020 Jul. 31, 2020 --

Tyrol (State of)

Austria Feb. 14, 2020 Aug. 14, 2020 --

Upper Austria (State of)

Austria May. 22, 2020 Nov. 20, 2020 --

Vorarlberg (State of)

Austria Mar. 20, 2020 Sep. 18, 2020 --

Brussels-Capital (Region of)

Belgium Feb. 14, 2020 Jun. 26, 2020 Sep. 25, 2020

Plovdiv (City of)

Bulgaria Feb. 21, 2020 Aug. 21, 2020 --

Sofia (City of)

Bulgaria Feb. 28, 2020 Aug. 28, 2020 --

Stara Zagora (City of)

Bulgaria Mar. 13, 2020 Sep. 11, 2020 --

Zagreb (City of)

Croatia Mar. 27, 2020 Sep. 25, 2020 --

Brno (City of)

Czech Republic May. 15, 2020 Nov. 13, 2020 --

Olomouc (City of)

Czech Republic Apr. 3, 2020 Oct. 2, 2020 --

Prague (City of)

Czech Republic May. 29, 2020 Nov. 27, 2020 --

Auvergne-Rhone-Alpes (Region of)

France Jun. 12, 2020 Dec. 11, 2020 --

Essonne (Department of)

France Jun. 12, 2020 Dec. 11, 2020 --

Gironde (Department of)

France May. 15, 2020 Nov. 13, 2020 --

Hauts-de-France (Region of)

France Jun. 12, 2020 Dec. 11, 2020 --

Hauts-de-Seine (Department of)

France May. 15, 2020 Nov. 13, 2020 --

Lyon (City of)

France Apr. 10, 2020 Oct. 9, 2020 --

Marseille (City of)

France Apr. 10, 2020 Oct. 9, 2020 --

Paris (City of)

France Apr. 10, 2020 Oct. 9, 2020 --

Pays de La Loire (Region of)

France Jun. 12, 2020 Dec. 11, 2020 --

Saint-Quentin-en-Yvelines (Intercity of)

France Jun. 12, 2020 Dec. 11, 2020 --

Seine-et-Marne (Department of)

France May. 15, 2020 Nov. 13, 2020 --

Yvelines (Department of)

France Jun. 12, 2020 Dec. 11, 2020 --

Baden-Wuerttemberg (State of)

Germany Feb. 14, 2020 Aug. 14, 2020 --

Bavaria (State of)

Germany Mar. 6, 2020 Sep. 4, 2020 --

Hesse (State of)

Germany Feb. 28, 2020 Apr. 24, 2020 Oct. 23, 2020

North Rhine-Westphalia (State of)

Germany Mar. 6, 2020 Sep. 4, 2020 --

Saxony (State of)

Germany Mar. 6, 2020 Sep. 4, 2020 --

Saxony-Anhalt (State of)

Germany Mar. 20, 2020 Sep. 18, 2020 --

Campania (Region of)

Italy May. 15, 2020 Nov. 13, 2020 --

Lazio (Region of)

Italy Jan. 17, 2020 May. 15, 2020 Nov. 13, 2020

Liguria (Region of)

Italy May. 1, 2020 Oct. 30, 2020 --

Rome (City of)

Italy Jan. 17, 2020 May. 1, 2020 Oct. 30, 2020

Sicily (Region of)

Italy Jan. 24, 2020 Jul. 24, 2020 --

Umbria (Region of)

Italy May. 15, 2020 Nov. 13, 2020 --

Riga (City of)

Latvia Apr. 24, 2020 Oct. 23, 2020 --

Skopje (Municipality of)

North Macedonia Apr. 17, 2020 Oct. 16, 2020 --

Oslo (City of)

Norway May. 15, 2020 Nov. 13, 2020 --

Stavanger (Municipality of)

Norway May. 15, 2020 Nov. 13, 2020 --

Krakow (City of)

Poland Mar. 20, 2020 Sep. 18, 2020 --

Lodz (City of)

Poland Mar. 20, 2020 Sep. 18, 2020 --

Krasnoyarsk Krai

Russia May. 22, 2020 Nov. 20, 2020 --

Leningrad Oblast

Russia Jun. 19, 2020 Dec. 18, 2020 --

Moscow (City of)

Russia Feb. 7, 2020 Aug. 7, 2020 --

Samara Oblast

Russia Apr. 3, 2020 Oct. 2, 2020 --

Tomsk Oblast

Russia Mar. 20, 2020 Sep. 18, 2020 --

Yamal-Nenets Autonomous Okrug

Russia Jun. 5, 2020 Dec. 4, 2020 --

Andalusia (Autonomous Community of)

Spain Apr. 24, 2020 Oct. 23, 2020 --

Aragon (Autonomous Community of)

Spain May. 8, 2020 Nov. 6, 2020 --

Balearic Islands (Autonomous Community of the)

Spain May. 15, 2020 Nov. 13, 2020 --

Barcelona (City of)

Spain Mar. 13, 2020 Sep. 11, 2020 --

Basque Country (Autonomous Community of the)

Spain Mar. 27, 2020 Sep. 25, 2020 --

Bizkaia (Historical Territory of)

Spain Mar. 27, 2020 Sep. 25, 2020 --

Canary Islands (Autonomous Community of)

Spain Feb. 7, 2020 May. 29, 2020 Nov. 27, 2020

Extremadura (Autonomous Community of)

Spain Apr. 24, 2020 Oct. 23, 2020 --

Galicia (Autonomous Community of)

Spain Feb. 28, 2020 Jun. 19, 2020 Dec. 18, 2020

Madrid (Autonomous Community of)

Spain May. 8, 2020 Nov. 6, 2020 --

Navarre (Autonomous Community of)

Spain Mar. 27, 2020 Sep. 25, 2020 --

Valencia (Autonomous Community of)

Spain May. 22, 2020 Nov. 20, 2020 --

Boras (City of)

Sweden Feb. 14, 2020 Aug. 14, 2020 --

Goteborg (City of)

Sweden Mar. 13, 2020 Sep. 11, 2020 --

Helsingborg (City of)

Sweden Apr. 24, 2020 Oct. 23, 2020 --

Huddinge (Municipality of)

Sweden May. 8, 2020 Nov. 6, 2020 --

Jonkoping (Municipality of)

Sweden Apr. 17, 2020 Oct. 16, 2020 --

Linkoping (Municipality of)

Sweden May. 1, 2020 Oct. 30, 2020 --

Lund (Municipality of)

Sweden Mar. 13, 2020 Sep. 11, 2020 --

Malmo (City of)

Sweden May. 29, 2020 Nov. 27, 2020 --

Nacka (Municipality of)

Sweden Jun. 5, 2020 Dec. 4, 2020 --

Norrkoping (Municipality of)

Sweden Jun. 12, 2020 Dec. 11, 2020 --

Norrtalje (Municipality of)

Sweden May. 1, 2020 Oct. 30, 2020 --

Orebro (Municipality of)

Sweden Apr. 3, 2020 Oct. 2, 2020 --

Ostersund (Municipality of)

Sweden Apr. 17, 2020 Oct. 16, 2020 --

Skane (Region of)

Sweden Apr. 24, 2020 Oct. 23, 2020 --

Sodertalje (Municipality of)

Sweden Jun. 5, 2020 Dec. 4, 2020 --

Stockholm (City of)

Sweden May. 15, 2020 Nov. 13, 2020 --

Stockholm (Region of)

Sweden Apr. 3, 2020 Oct. 2, 2020 --

Sundsvall (Municipality of)

Sweden Mar. 20, 2020 Sep. 18, 2020 --

Taby (Municipality of)

Sweden Mar. 6, 2020 Sep. 4, 2020 --

Uppsala (City of)

Sweden Mar. 20, 2020 Sep. 18, 2020 --

Vasteras (City of)

Sweden Jun. 5, 2020 Dec. 4, 2020 --

Vastra Gotaland (Region of)

Sweden Apr. 3, 2020 Oct. 2, 2020 --

Vellinge (Municipality of)

Sweden Feb. 14, 2020 Aug. 14, 2020 --

Aargau (Canton of)

Switzerland Jan. 17, 2020 Jun. 19, 2020 Dec. 18, 2020

Basel-City (Canton of)

Switzerland May. 8, 2020 Nov. 6, 2020 --

Basel-Country (Canton of)

Switzerland May. 8, 2020 Nov. 6, 2020 --

Geneva (City of)

Switzerland Apr. 24, 2020 Oct. 23, 2020 --

Geneva (Republic and Canton of)

Switzerland Jun. 19, 2020 Dec. 18, 2020 --

Lausanne (City of)

Switzerland Jun. 5, 2020 Dec. 4, 2020 --

Solothurn (Canton of)

Switzerland May. 15, 2020 Nov. 13, 2020 --

St. Gallen (Canton of)

Switzerland Apr. 3, 2020 Oct. 2, 2020 --

Vaud (Canton of)

Switzerland May. 29, 2020 Nov. 27, 2020 --

Zurich (Canton of)

Switzerland May. 22, 2020 Nov. 20, 2020 --

Zurich (City of)

Switzerland Apr. 24, 2020 Oct. 23, 2020 --

Kyiv (City of)

Ukraine May. 15, 2020 Nov. 13, 2020 --

Greater London Authority

United Kingdom Mar. 20, 2020 Sep. 18, 2020 --
*Unsolicited ratings.

Sovereign, Regional, And Local Government New Ratings, Withdrawals, Suspensions, And Deviations

Table 5

Sovereign, Regional, And Local Government New Ratings, Withdrawals, And Suspensions: Dec. 20, 2019, To June 30, 2020
Entity Rating action Date

Grenoble-Alpes Metropole

Withdrawal May. 29, 2020

Tashkent Oblast

Suspension Apr. 15, 2020

Table 6

Sovereign, Regional, And Local Government Rating Deviations: Dec. 20, 2019, To June 30, 2020
Rated entity Rating action date Rationale
Sofia (City of) Jun. 05 2020 Rating affirmed and outlook revised to stable after same action on Bulgaria.
Grenoble-Alpes Metropole May. 29 2020 Ratings withdrawn at issuer's request.
Croatia May. 28 2020 Ratings affirmed following significantly weaker domestic and external growth outlook.
Vellinge (Municipality of) May. 26 2020 Outlook revised to negative on rapid changes in economic conditions caused by COVID-19 pandemic.
North Macedonia May. 13 2020 Ratings affirmed following the material deterioration in global economic and financial conditions that could have a direct impact on growth, fiscal, and external metrics.
Turkey* May. 06 2020 Ratings affirmed following the material deterioration in global economic and financial conditions that could have a direct impact on Turkey's growth, fiscal, and external metrics.
Lower Austria (State of)* May. 06 2020 Outlook revised to negative on revised GDP growth forecast for Austria.
Montenegro May. 01 2020 Outlook revised to negative on rising economic and fiscal risks that could have an adverse impact on productive capacity, fiscal revenue intake, and banking sector stability.
Serbia May. 01 2020 Outlook revised to stable on significantly weaker domestic and external growth outlook.
Bosnia and Herzegovina Apr. 30 2020 Outlook revised to stable on material deterioration in global economic and financial conditions and its direct impact on growth, fiscal, and external metrics.
Ghana Apr. 30 2020 Outlook revised to negative on substantial downward revision of global and domestic growth outlook and hydrocarbon price assumptions.
South Africa Apr. 29 2020 Ratings lowered on rapidly worsening global and domestic economic conditions related to the COVID-19 pandemic.
Hungary Apr. 28 2020 Outlook revised to stable on revision of the economic outlook, changes to fiscal trajectory, and monetary stimulus responses.
Portugal* Apr. 24, 2020 Outlook revised to stable on large revisions to key macroeconomic variables.
Andorra Apr. 24, 2020 Outlook revised to stable on large revisions of economic growth and fiscal forecasts.
Lebanon Apr. 23, 2020 Ratings affirmed at 'SD/SD' and several bonds placed on default on missed payments.
Egypt Apr. 17, 2020 Ratings affirmed following significant changes to our macroeconomic and fiscal assumptions.
Tashkent Oblast Apr. 15, 2020 Ratings withdrawn due to a lack of sufficient information.
Ethiopia Apr. 10, 2020 Outlook revised to negative on rising pressure on debt and external position and resolution of an appeal on the outlook.
Congo-Brazzaville Apr. 8, 2020 Outlook revised to negative on COVID-19 outbreak and revision of oil price assumptions.
Kuwait Mar. 26, 2020 Ratings lowered on revision of hydrocarbon price assumptions.
Iraq Mar. 26, 2020 Ratings affirmed following the sharp drop in oil prices and revision of hydrocarbon price assumptions.
Qatar Mar. 26, 2020 Ratings affirmed following the sharp drop in oil prices and revision of hydrocarbon price assumptions.
Bahrain Mar. 26, 2020 Outlook revised to stable on sharp drop in oil prices and revision of hydrocarbon price assumptions.
Abu Dhabi (Emirate of) Mar. 26, 2020 Ratings affirmed following the sharp drop in oil prices and revision of hydrocarbon price assumptions.
Oman Mar. 26, 2020 Ratings lowered on sharp drop in oil prices and revision of hydrocarbon price assumptions.
Nigeria Mar. 26, 2020 Long-term rating lowered on sharp revision of hydrocarbon price assumptions.
Angola Mar. 26, 2020 Ratings lowered on sharp drop in oil prices and revised price assumptions.
Russia Mar. 26, 2020 Ratings affirmed following the revision of hydrocarbon price assumptions.
Saudi Arabia* Mar. 26, 2020 Ratings affirmed following the sharp drop in oil prices and revision of hydrocarbon price assumptions.
Kazakhstan Mar. 26, 2020 Ratings affirmed following the sharp drop in oil prices and revision of hydrocarbon price assumptions.
Azerbaijan Mar. 26, 2020 Ratings affirmed following the sharp drop in oil prices and revision of hydrocarbon price assumptions.
Lebanon Mar. 11, 2020 Ratings lowered due to selective default on suspended Eurobond payments.
Sharjah (Emirate of) Feb. 14, 2020 Ratings lowered on weaker-than-expected fiscal performance.
Lebanon Dec. 20, 2019 Ratings affirmed despite selective default of Lebanon's commercial banks.
*Unsolicited rating.

This report does not constitute a rating action.

Primary Credit Analysts:Guy Deslondes, Madrid (39) 02-72111-213;
guy.deslondes@spglobal.com
Patrice Cochelin, Paris (33) 1-4420-7325;
patrice.cochelin@spglobal.com
Christian Esters, CFA, Frankfurt (971) 4-372-7169;
christian.esters@spglobal.com
Eileen X Zhang, CFA, London (44) 20-7176-7105;
eileen.zhang@spglobal.com
Dhruv Roy, Dubai (971) 4-372-7169;
dhruv.roy@spglobal.com
Boris Kopeykin, Moscow (7) 495-783-40-62;
boris.kopeykin@spglobal.com
Additional Contact:EMEA Sovereign and IPF;
SovereignIPF@spglobal.com

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