EthiFinance Ratings plans a minor change to its long-term ratings scales

The Agency plans a minor change to its long-term rating scales. The current scales consist of 22 notches plus Default, from AAA to D, plus the Default level. The proposed new scales maintain the 22 notches, but the D level corresponds to a Default. The change is minor and has no impact on our long-term rating portfolio as none of them are assigned a D rating.