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Rating

The financial profile of the Group is evaluated by the two biggest  international credit rating agencies: on 22 July 2009, Moody’s reduced its rating of Hera from A1 to A2 and changed its outlook from stable to negative due to its long term debt, while on 17 April 2009, Standard & Poor’s changed its credit rating of Hera, giving it a rating of A- (from A) due to its long term debt, and a rating of A-2 (from A-1) for the short term debt with a negative outlook.

 
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