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An explanation of each rating may be obtained from the respective rating agency. FitchMoody'sS&P GlobalAA- Aa3 AA- These ratings reflect only the respective views of the rating agencies as of the date of the respective reports. The ratings of individual debt challenges incorporate more information on priority of payment and likely recovery in the occasion of default. The rating of an individual debt safety can be above, beneath, or equal to the IDR, based on the security's priority amongst claims, the amount of collateral, and other elements of the capital structure. A Normal & Poor's issuer credit rating is a forward-looking opinion about an obligor's general creditworthiness. This opinion focuses on the obligor's capacity and willingness to meet its financial commitments as they come due.


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