Moody's Investors Service downgraded from 'Caa1' to 'Caa3' the LT- foreign currency credit rating of Reno de Medici on December 17, 2025. The outlook is negative.

Moody's Investors Service affirmed the 'B2' LT- local currency credit rating of NES&L Co. on December 17, 2025. The outlook is stable.

Moody's Investors Service upgraded to 'Baa1' from 'Baa2' the LT- local currency credit rating of Siemens Energy on December 17, 2025. The outlook is stable.

S&P Global Ratings affirmed the 'BBB' Foreign Currency LT credit rating of Traton on December 17, 2025. At the same time the rating agency revised outlook to negative from stable.

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S&P Global Ratings affirmed the 'BB+' Local Currency LT credit rating of Genting New York on December 16, 2025. At the same time the rating agency revised outlook to negative from stable.

Foreign Currency LT credit rating of Genting Malaysia on December 16, 2025. At the same time the rating agency revised outlook to negative from stable.

S&P Global Ratings affirmed the 'BB' Foreign Currency LT credit rating of TAV Havalimanlari Holding on December 17, 2025. The outlook is stable.