Review by Standard & Poor's of ratings

RNS Number : 3298C

Banco Santander S.A.

30 April 2012

 



MATERIAL FACT

Banco Santander, S.A. (the "Bank") hereby announces that following the recent downgrade of the Spanish sovereign debt rating by Standard & Poor's Ratings Services, the agency published on April 30, 2012 their revised ratings for the Bank, as detailed below:

§ Long-term senior debt rating:                      A- from A+   (negative outlook)

§ Short-term rating:                                        A-2 from A-1

§ Non-deferrable subordinated debt:              BBB+ from A-

(creditwatch with negative implications)

§ Tier 1 hybrid notes:                                      BBB- from BBB

(creditwatch with negative implications)

Boadilla del Monte (Madrid), April 30, 2012

 

END

 

 

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