Oi S.A. - In Judicial Reorganization
Corporate Taxpayers' Registry (CNPJ/ME) No. 76.535.764/0001-43
Board of Trade (NIRE) No. 33.3.0029520-8
Publicly-Held Company
NOTICE TO THE MARKET
Rating Outlook S&P
Oi SA - In Judicial Recovery ("Oi" or "Company") hereby informs its shareholders and the market in general that the rating agency Standard & Poors ("S&P") announced today the review of the credit rating attributed to the Company, reducing the issuer credit rating from "CC" to "SD" on a global scale and from "brCC" to "SD" on a national scale. The 'CCC-' issue-levelrating is unchanged. The agency pointed out that it does not assign outlooks to 'SD' or 'D' issuer credit ratings because they express a condition and not a forward-lookingopinion of default probability. S&P also informed that will reassess the company's credit profile in the next few days.
Rio de Janeiro, October 9, 2020.
Oi S.A. - In Judicial Recovery
Camille Loyo Faria
Chief Financial Officer and Investor Relations Officer
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Oi SA em Recuperação Judicial published this content on 09 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 October 2020 22:29:00 UTC