TIPS Pesos N-20

The BRC Ratings-S&P Global Technical Committee, during its periodic review, affirmed the AAA rating of the TIPS Pesos A 2034 N-20. Additionally, it upgraded the rating of the TIPS Pesos Mz N-20 to BBB+ from BBB-, and the TIPS Pesos C N-20 to BBB- from BB.

TIPS UVR U-7

The Technical Committee of BRC Ratings - S&P Global, in an extraordinary review, confirmed the ratings of the following instruments: TIPS UVR A-1 U-7 at AAA, TIPS UVR A-2 U-7 at AAA, TIPS UVR B U-7 at AA, and TIPS UVR Mz U-7 at BB

TIV V-12

The Technical Committee of BRC Ratings-S&P Global S.A. SCV assigned a long-term debt rating of AAA to the TIV A V-12, A+ to the TIV B-1 V-12, and BBB to the TIV B-2 V-12.

TIPS UVR U-1

The Technical Committee of BRC Ratings-S&P Global S.A. SCV upgraded the rating of the TIPS UVR B U-1 series to AAA from AA-. Additionally, it affirmed the ratings of the Mz and C series at BBB- and B+, respectively, and removed the negative outlook from these series.

TIV V-11

The Technical Committee of BRC Ratings - S&P Global S.A. SCV assigned the initial long-term debt ratings of AAA to TIV A V-11, AA to TIV B-1 V-11, A to TIV B-2 V-11, and BB to TIV B-3 V-11.

TIL L-4

Fitch Ratings withdrew the long-term national rating of Universalidad TIL L-4, tranche C, and designated it as PIF(col) (PIF; paid in full) due to its full repayment as of March 2025.

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