Credit Ratings

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Credit Ratings HistoryS&PMoody'sFitch RatingsDBRS Ltd
Long-Term IssuerBBB (OS)
11/12/2009
Baa2 (OS)
10/29/2009
BBB (OS)
12/5/2012
-
 -
-
BBB (OS)
12/7/2011
-
 -
-
BBB (OS)
12/23/2010
-
 -
-
BBB (OS)
11/3/2009
-
Preferred StockBB+
9/8/2011
Baa3
9/8/2011
BB+
12/5/2012
-
 -
-
BB+
12/7/2011
-
 -
-
BB+
1/21/2010
-
 -
-
BBB-
11/3/2009
-
 
Ratings Watch Action Legend: (WP) Watch Positive, (WN) Watch Negative, (WU) Watch Uncertain, (WR) Watch Removed, (OP) Outlook Positive, (ON) Outlook Negative, (OS) Outlook Stable, (OD) Outlook Developing

Ratings Watch Action Legend: (WP) Watch Positive, (WN) Watch Negative, (WU) Watch Uncertain, (WR) Watch Removed, (OP) Outlook Positive, (ON) Outlook Negative, (OS) Outlook Stable, (OD) Outlook Developing

These credit ratings may not reflect the potential impact of risks relating to the structure or trading of the Company’s securities and are provided solely for informational purposes. Credit ratings are not recommendations to buy, sell or hold any security, and may be revised or withdrawn at any time by the issuing organization in its sole discretion. The Company does not undertake any obligation to maintain the ratings or to advise of any change in ratings. Each agency’s rating should be evaluated independently of any other agency’s rating. An explanation of the significance of the ratings may be obtained from each of the rating agencies.


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