5.7 Files opened without an explicit ACTION= specifier
The Fortran standard says that if an OPEN statement is executed without an explicit ACTION= specifier, the default value is processor dependent. GNU Fortran behaves as follows: 
-  Attempt to open the file with 
ACTION='READWRITE' -  If that fails, try to open with 
ACTION='READ' -  If that fails, try to open with 
ACTION='WRITE' - If that fails, generate an error
 
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Licensed under the GNU Free Documentation License, Version 1.3.
    https://gcc.gnu.org/onlinedocs/gcc-10.2.0/gfortran/Files-opened-without-an-explicit-ACTION_003d-specifier.html