• +353-1-416-8900(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Rating Assigned To Fondo de Titulización de Activos Santander 2 ABCP Program Nov 08 Product Image

Rating Assigned To Fondo de Titulización de Activos Santander 2 ABCP Program Nov 08

  • ID: 1713524
  • November 2008
  • Standard & Poors

Abstract
LONDON (Standard & Poor's) Nov. 28, 2008Standard & Poor's Ratings Services today assigned its 'A-1' credit rating to the up to €6 billion Spanish ABCP (Pagarés) program established by Fondo de Titulización de Activos Santander 2. The program will issue Spanish CP notes ("pagarés"), with a nominal amount of €100,000. The pagarés are issued at discount and have a maturity between 30 and 364 days. The sponsor of this program is Banco Santander S.A. (Banco Santander). It has an extensive commercial portfolio that includes rights that originate from discount operations offered by Banco Santander to its clients, and from operations relating to the granting of credit, loans, and other asset operations. This vehicle issues European Central Bank (ECB) eligible CP....

Companies mentioned in this report are:
- Fondo de Titulizacion de Activos Santander 2
- Banco Santander S.A.

Action: New Rating

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

- Fondo de Titulizacion de Activos Santander 2
- Banco Santander S.A.

Note: Product cover images may vary from those shown

RELATED PRODUCTS