PHAROL, SGPS S.A. hereby informs on the Notice to the Market disclosed by Oi, S.A., according to the company's announcement attached hereto.
PHAROL, SGPS S.A.
Public company
Share capital Euro 26,895,375 Registered in the Commercial Registry Office of Lisbon
and Corporation no. 503 215 058
PHAROL is listed on the Euronext (PHR). Information may be accessed on Bloomberg under the symbol PHR PL.
Luis Sousa de Macedo Investor Relations Director ir@pharol.pt
Tel.: +351 212 697 698
Fax: +351 212 697 949
pharol.pt
Oi S.A.Corporate Taxpayers' Registry (CNPJ/MF) No. 76.535.764/0001-43 Board of Trade (NIRE) No. 33.300.29520-8
Publicly-Held Company
NOTICE TO THE MARKET S&P ratingOi S.A. (BOVESPA: OIBR3, OIBR4; NYSE: OIBR.C, OIBR) (the "Company" or "Oi")
discloses to its shareholders and the market in general that Standard & Poor's announced today its review of the credit rating attributed to the Company, downgrading the long-term global scale credit rating from CCC to CCC- and the long-term domestic scale credit rating from brCCC to brCCC-. The outlook is negative.
Rio de Janeiro, April 26, 2016 Flavio Nicolay Guimarães
Pharol SGPS SA issued this content on 27 April 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 27 April 2016 14:12:00 UTC
Original Document: http://conteudos.pharol.pt/Documents/EN/Announcements/2016/04_April/Com27Abril16_oi_en.pdf