Mr. Pierluigi Tosato, Chief Executive Officer of DEOLEO, S.A. (the "Company"), domiciled in Alcolea (Córdoba) Ctra. N-IV (KM 388)-14610, a company whose shares are listed in the stock exchanges of Madrid, Bilbao, Valencia and Barcelona,
DECLARES
The following, in accordance with the provisions of Article 228 of the Royal Legislative Decree 4/2015 of 23 October approving the consolidated text of the Securities Market Act:
RELEVANT FACT
Standard & Poor's has lowered the credit rating of Deoleo, S.A, placing the corporate rating on CCC + from B-, with a stable outlook.
The rating agency estimates that the environment of high prices of olive oil during 2017 will prevent achieving the EBITDA growth initially forecasted for the year, consequentially reviewing its estimates downwards.
It maintains nonetheless a stable outlook for the company, as liquidity levels are adequate for its usual operations, and to achieve set targets of margin improvement and product development.
In Rivas Vaciamadrid, on August 9th, 2017.
Mr. Pierluigi Tosato
Chief Executive Officer
Deoleo SA published this content on 10 August 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 10 August 2017 06:14:21 UTC.
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Deoleo SA, formerly SOS Corporacion Alimentaria SA, is a Spain-based company, which is primarily engaged, together with its subsidiaries, in the food processing sector. The Companyâs activities are structured in one area: vegetable oils. It specializes in the production and sell of bottled olive oil under a range of brands, such as Carbonell, Bertolli, Carapelli, Koipe, Koipesol, Hojiblanca and Sasso. Furthermore, the Company distributes seed oils, table olives, vinegars, sauces and confectionary products. Deoleo SA is a parent of Grupo Deoleo, a group which comprises a number of controlled entities with operations established in Europe, the Middle East, Asia, as well as North and South America.
DEOLEO, S.A. 
