The Technical Committee of BRC Ratings – S&P Global S. A. SCV, in its periodic review, confirmed the long-term debt rating of AAA for the Tips UVR A U-4, upgraded the rating of the Tips UVR B U-4 to AA- from A+, upgraded the rating of the Tips UVR Mz U-4 to A from BBB+, and upgraded the rating of the Tips UVR C U-4 to BBB+ from BBB-.

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