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The Group’s financials are assessed by the two leading international specialised ratings agencies: on 23 June 2010, Standard & Poor’s modified its long-term debt rating for Hera from A- with negative outlook to BBB+ with stable outlook and confirmed the rating of A-2 on short-term debt, while on 30 July 2010 Moody’s modified Hera long-term debt rating from A2 with negative outlook to A3 with stable outlook.

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