Banco Santander, S.A. ("Santander" or the "Bank"), in compliance with the Securities Market legislation, hereby announces:
OTHER RELEVANT INFORMATION
Fitch Ratings ("Fitch") has upgraded Santander's Long Term Issuer Default Rating (IDR) from 'A-' to 'A', Short term IDR from 'F2' to 'F1' and Viability Rating from 'a-' to 'a'. The outlook on the IDR is stable. The assigned rating is one notch above the Spanish sovereign Long-Term IDR of 'A-'/Positive.
A list of rating actions taken yesterday is detailed below:
| ENTITY/DEBT | RATING | ACTION | ||
|
| TYPE | PRIOR | CURRENT |
|
| Banco Santander, S.A. | LT IDR[1] | A- | A | Upgrade |
| ST IDR[2] | F2 | F1 | Upgrade | |
| Viability | a- | a | Upgrade | |
| DCR[3] | A(dcr) | A+(dcr) | Upgrade | |
| Preferred | LT | BB | BB+ | Upgrade |
| Senior non-preferred | LT | A- | A | Upgrade |
| Long-term deposits | LT | A | A+ | Upgrade |
| Senior preferred | LT | A | A+ | Upgrade |
| Subordinated | LT | BBB | BBB+ | Upgrade |
Boadilla del Monte (Madrid), 12 February 2025
IMPORTANT INFORMATION
Not a securities offer
This document and the information it contains does not constitute an offer to sell nor the solicitation of an offer to buy any securities.
[1] Long-Term Issuer Default Rating
[2] Short-Term Issuer Default Rating
[3] Derivative Counterparty Rating
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