REG - Banco Santander S.A. - Moody's has upgraded Santanders rating

Banco Santander SAAnnouncement

03/10/2025 15:00

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RNS Number : 0602C  Banco Santander S.A.  03 October 2025

 

Banco Santander, S.A. ("Santander" or the "Bank"), in compliance with the
Securities Market legislation, hereby communicates the following:

 

OTHER RELEVANT INFORMATION

 

The rating agency Moody's Investors Service ("Moody's"), following the upgrade
of Spain's government bond rating from Baa1 to A3/Stable, and the Macro
Profile for Spain from Strong to Strong +, which lifted the constraining
factor for Santander rating, has raised the Bank's long-term deposit and
senior debt ratings from A2 to A1 (stable), and the rating of the three
covered bond programs (Public Sector, Mortgage and Export finance) to Aaa
from Aa1.

 

Furthermore, Moody's affirms Santander's baa1 Baseline Credit Assessment (BCA)
reflecting its assessment of the Bank's operating environment and broad
diversification, combined with a strong track record of low earnings
volatility and improved capital levels, as well as its diversified funding
structure and ample liquidity buffers.

 

Boadilla del Monte (Madrid), 3 October 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.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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