Review by Standard & Poor's of ratings

RNS Number : 8313O
Banco Santander S.A.
16 October 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 October 16, 2012 their revised ratings for the Bank, as detailed below:

 

 

§ Long-term counterparty credit rating:                 BBB from A- (negative outlook)

 

§ Subordinated:                                                      BBB- from BBB+

 

§ Hybrid instruments:                                             BB from BBB-

 

Short term counterparty credit rating of A-2 is affirmed.

 

 

Boadilla del Monte (Madrid), October 16,2012


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