RNS Number : 9020W
Banco Santander S.A.
12 February 2025
 

 

 

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

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