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Standard & Poor's upgrades the Financial Strength rating of MAPFRE RE to “A+” with Stable Outlook

With the new rating, MAPFRE RE is one step above the rating of the Spanish sovereign bond.

This revision is motivated by an improvement in the competitiveness and in the distribution of the underwriting results of the different units of the MAPFRE Group, which reinforces the strength of the group in general.

The agency maintains a stable outlook for the new rating assigned to MAPFRE RE.

For additional information, please see the attached document.

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