European rating agency. Objective, transparent, independent.
European rating agency. Objective, transparent, independent.

Telefónica Emisiones, S.A.U.

Rating History

Rating Watch Outlook Decision Date Action Validity Date Maximum Validity
BBB- Watch UNW 01.07.2022 07.07.2022
BBB- Outlook STA 16.07.2021 21.07.2021
BBB- Outlook NEG 18.09.2020 23.09.2020
BBB- Outlook STA 29.11.2019 10.12.2019
BBB- Outlook STA 18.04.2018 27.04.2018

News

  • 07.07.2022
    Creditreform Rating has assigned the unsolicited corporate issuer ratings of BBB- of Telefónica S.A., Telefónica Emisiones, S.A.U. and Telefónica Europe, B.V. as well as the EUR-denominated long-term senior unsecured issues of the named issuers with the addendum Watch UNW. The debt securities are included in the ECB's list of eligible marketable assets, which is available on the European Central Bank's website. An outlook is not applicable. For further details on the ratings, please refer to the press release below..
  • 21.07.2021
    Creditreform Rating confirmed the unsolicited corporate issuer rating of Telefónica Emisiones S.A.U at BBB- with stable outlook. Telefónica Emisiones S.A.U.´s activity is the provision of treasury activities to the Telefónica Group. Due to the financial-, and legal relationship to the Telefónica Group the unsolicited corporate issuer rating of Telefónica Emisiones S.A.U. equates with the unsolicited corporate issuer rating of Telefónica S.A., which is BBB- / stable.
  • 23.09.2020
    Creditreform Rating AG confirmed the unsolicited corporate issuer rating of Telefónica Emisiones S.A.U at BBB- with negative outlook. Telefónica Emisiones S.A.U.´s activity is the provision of treasury activities to the Telefónica Group. Due to the financial-, and legal relationship to the Telefónica Group the unsolicited corporate issuer rating of Telefónica Emisiones S.A.U. equates with the unsolicited corporate issuer rating of Telefónica S.A., which is (BBB- / negative).
  • 10.12.2019
    Creditreform Rating has carried out an unsolicited rating of Telefónica Emisiones S.A.U. The rating has been set to BBB- with stable outlook. The rating assessment is derived from the unsolicited corporate issuer rating of the parent company Telefónica, S.A. due to corporate and liability laws as well as financial and strategic interdependencies. Creditreform Rating has updated the unsolicited corporate issuer rating of Telefónica, S.A. on the same date. The current rating of BBB- attests a highly satisfactory level of creditworthiness to Telefónica, S.A., which represents a low to medium default risk. A more detailed presentation of the results can be found in the news of the rating as well as in the rating report of Telefónica, S.A.
  • 27.04.2018
    Creditreform Rating has carried out an unsolicited rating of Telefónica Emisiones, S.A.U. The rating has been set to BBB- with stable outlook.