Rating preference shares & su

RNS Number : 0421Q

Banco Santander S.A.

02 April 2009

 

MATERIAL FACT

Banco Santander, S.A. (the 'Bank') hereby announces that Standard & Poor's has lowered the rating of the preferred shares and subordinated debt with deferrable coupon of 60 European financial institutions, including the Bank itself and the following institutions belonging to its Group: Banco Español de Crédito, S.A., Abbey National PLC, Alliance & Leicester PLC and Banco Santander Totta, S.A., whose issuances of this type, previously rated A+, are now rated A- (except for those of Banco Santander Totta, S.A. whose prior A rating is now A-).

The credit rating of the Bank (AA long term) and the four above-mentioned institutions belonging to its Group remain unaltered.

Boadilla del Monte (Madrid), 2nd April 2009

 

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