Lisbon, 15 October 2020 - ARC Ratings, S.A. (ARC Ratings) puts the public “BBB-“ medium and long-term issuer rating assigned to Réside Études Investissement S.A., with negative outlook, under review. This is to allow ARC Ratings further time to take into account recently received additional information which is pertinent to its scheduled review. ARC expects to finalize the review by 30 November 2020.