- Language: English
- 97 Pages
- Published: July 2013
- Region: United Kingdom
Research Update: Spanish Bank Banco Santander And Core Subsidiaries 'AA-/A-1+' Ratings Affirmed On Bank Criteria Change; Outlook Negative Nov 11
- Published: November 2011
- Region: Spain
- Standard & Poors
Following a review under Standard & Poor's revised bank criteria (published on Nov. 9, 2011), we have affirmed our 'AA-/A-1+' long- and short-term ratings on Banco Santander S.A. (Santander) and its core subsidiaries Santander UK PLC and Banco Español de Crédito S.A. (Banesto). At the same time, we have raised our long-term rating on core subsidiary Banco Santander (Brasil) S.A. to 'BBB' from 'BBB-', affirmed our 'A-3' short-term rating, and removed the ratings from CreditWatch positive. Other rating actions on debt issues and subsidiaries are listed below. The ratings on Santander reflect our 'bbb+' anchor for the bank and our view of its very strong business position, adequate capital and earnings, strong risk position, above-average funding, and adequate liquidity, as...
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Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases. SHOW LESS READ MORE >
- Banco Santander S.A.
- BCH North American Capital Corp.
- Banesto Issuances Ltd.
- Santander Central Hispano Finance (Delaware) Inc.
- Abbey National Treasury Services PLC
- Santander UK PLC
- Abbey National North America LLC
- Banco Espanol de Credito S.A.
- Banesto (DE) Inc.
- Santander Holdings U.S.A Inc.
- Santander Central Hispano International Ltd.
- Santander Central Hispano Issuances Ltd.
- Totta & Acores Financing Ltd.
- Sovereign Capital Trust I
- Sovereign Bank, N.A.
- Sovereign Capital Trust II
- Abbey National Capital Trust I
- Sovereign Real Estate Investment Trust
- Banco Santander (Brasil) S.A.
- Sovereign Capital Trust IV
- Abbey National Treasury Services PLC (Hong Kong branch)
- Santander Consumer Finance S.A.
- Santander Finance Capital S.A. Unipersonal
- Santander Finance Preferred S.A. Unipersonal
- Santander Issuances S.A. Unipersonal
- Santander International Debt, S.A. Unipersonal
- Banco Santander Totta S.A.
- Banco Santander (Mexico) S.A. Institucion de Banca Multiple Grupo Financiero Santander
- Santander Perpetual, S.A. Unipersonal
- Santander U.S. Debt S.A. Unipersonal
- Sovereign Capital Trust VI
- BST International Bank, Inc.
- Totta Ireland PLC
- Santander Commercial Paper, S.A. Unipersonal
- Santander International Preferred S.A. Unipersonal