REG - Banco Santander S.A. - Rating granted by Fitch Ratings

Banco Santander SAAnnouncement

12/02/2025 15:45

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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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