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Banco Santander, S.A. ("Santander" or the "Bank"), in compliance with the Securities Market legislation, hereby announces:
OTHER RELEVANT INFORMATION
Fitch Ratings ("Fitch") has upgraded Santander's Long Term Issuer Default Rating (IDR) from 'A-' to 'A', Short term IDR from 'F2' to 'F1' and Viability Rating from 'a-' to 'a'. The outlook on the IDR is stable. The assigned rating is one notch above the Spanish sovereign Long-Term IDR of 'A-'/Positive.
A list of rating actions taken yesterday is detailed below:
|
ENTITY/DEBT |
RATING |
ACTION |
||
|
|
TYPE |
PRIOR |
CURRENT |
|
|
Banco Santander, S.A. |
LT IDR[1] |
A- |
A |
Upgrade |
|
ST IDR[2] |
F2 |
F1 |
Upgrade |
|
|
Viability |
a- |
a |
Upgrade |
|
|
DCR[3] |
A(dcr) |
A+(dcr) |
Upgrade |
|
|
Preferred |
LT |
BB |
BB+ |
Upgrade |
|
Senior non-preferred |
LT |
A- |
A |
Upgrade |
|
Long-term deposits |
LT |
A |
A+ |
Upgrade |
|
Senior preferred |
LT |
A |
A+ |
Upgrade |
|
Subordinated |
LT |
BBB |
BBB+ |
Upgrade |
Boadilla del Monte (Madrid), 12 February 2025
IMPORTANT INFORMATION
Not a securities offer
This document and the information it contains does not constitute an offer to sell nor the solicitation of an offer to buy any securities.
[1] Long-Term Issuer Default Rating
[2] Short-Term Issuer Default Rating
[3] Derivative Counterparty Rating
Generating summary...
| Date | 12 Feb 2025 |
| Time | 15:43:12 |
| Category | Miscellaneous |
| ID | 9020W |