Announcement | Lisbon | 17 October 2020
Notice to the Market disclosed by Oi
PHAROL, SGPS S.A. hereby informs on the Notice to the Market disclosed by Oi, S.A., according to the company's announcement attached hereto.
Oi S.A. - In Judicial Reorganization
Corporate Taxpayers' Registry (CNPJ/ME) No. 76.535.764/0001-43
Board of Trade (NIRE) No. 33.3.0029520-8
Publicly-Held Company
NOTICE TO THE MARKET
Rating Outlook S&P
Oi SA - In Judicial Recovery ("Oi" or "Company") hereby informs its shareholders and the market in general that the rating agency Standard & Poors ("S&P") announced today the review of the credit rating attributed to the Company, raising the issuer credit rating from "SD" to "CCC+" on a global scale and from "SD" to "brBB" on a national scale with stable outlook. In addition, the issue-levelrating also increased from "CCC-"to "CCC+". The agency pointed out that the stable outlook reflects the view that Oi does not face short-termliquidity pressures.
Rio de Janeiro, October 16, 2020.
Oi S.A. - In Judicial Recovery
Camille Loyo Faria
Chief Financial Officer and Investor Relations Officer
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original document
- Permalink
Disclaimer
Pharol SGPS SA published this content on 17 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 October 2020 09:29:06 UTC