from
S&P Credit Research470 word report
published Jul 14, 2008
Price
$100.00 available for immediate download
Report Overview
Search Inside
About
S&P Credit Research
| Abstract: | MADRID (Standard&Poor's) July 14, 2008--Standard&Poor's Ratings Services said today that its ratings and outlook on Spain-based Banco Santander S.A. and U.K. subsidiary Abbey National PLC (both rated AA/Stable/A-1+) remain unchanged following the announcement of Santander's bid for 100% of U.K.-based Alliance&Leicester PLC (A&L; A/Watch Pos/A-1). This deal will increase Santander's critical mass and infrastructure, enabling the bank to continue expanding its commercial business in the U.K. The financial impact on Santander will be marginal, given the relatively small size of the investment, which will be financed through a share exchange. Santander expects to improve A&L's profitability by achieving significant cost savings from its integration into Abbey and by reducing funding costs. Potential vulnerability to
|
| Brief Excerpt: | RESEARCH Ratings Definitions Bulletin: Banco Santander S.A. Ratings And Outlook Unchanged On News Of Bid For Alliance & Leicester Publication date: 14-Jul-2008 Primary Credit Analyst: Jesus Martinez, Madrid (34) 91-389-6941; jesus_martinez@standardandpo...
|
| Report Type: | Bulletin
|
| Ticker: | SAN@SM
|
| Issuer: | Banco Santander S.A.
|
| GICS: | Diversified Banks (40101010)
|
| Sector: | Global Issuers, Public Finance, Structured Finance
|
| Country: | Spain
|
| Region: | United States
|
| Free Sample: |
Click Here to Download
|
| Format: | | HTML |  |
|
S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
Also from S&P Credit Research
- Ratings On Two Banco Santander S.A.-Related Bonds Lowered To 'AA/A-1+' $100.00
NEW YORK (Standard&Poor's) Oct. 9, 2009--Standard&Poor's Ratings Services today lowered its ratings on two bond issues related to Banco Santander S.A. to 'AA/A-1+' from 'AAA/A-1+' (see list). The 'AA' long-term components of our ratings on ...
- Banco Santander S.A. $400.00
Well-diversified geographic and business profiles Solid positions in core markets Strong management capabilities and clear strategic focus Sound operating profitability Tight credit risk management Deteriorating asset quality in most business ...
- Summary: Banco Santander S.A. $175.00
The ratings on Spain-based Banco Santander S.A. reflect our view of its sharp strategic focus and strong management capabilities, well-diversified geographic spread and business profile, solid presence in core markets, and sound operating profitability. ...
- Spanish Bank Santander And Subsidiaries Outlooks Revised To Negative; 'AA/A-1+' Ratings Affirmed $100.00
MADRID (Standard&Poor's) March 4, 2009--Standard&Poor's Ratings Services today said it has revised its outlook on Spain-based Banco Santander, S.A. (Santander) to negative from stable. Standard&Poor's also revised the outlooks to negative from ...
- Research Update: Spanish Bank Santander And Subsidiaries Outlooks Revised To Negative; 'AA/A-1+' Ratings Affirmed $175.00
On March 4, 2009, Standard&Poor's Ratings Services revised its outlook on Spain-based Banco Santander, S.A. (Santander) to negative from stable. Standard&Poor's also revised the outlooks to negative from stable on certain rated subsidiaries ...
- Bulletin: S&P Comments On Its Ratings On Spanish Banks After The Downgrade Of The Kingdom of Spain $100.00
MADRID (Standard&Poor's) Jan. 19, 2009--Standard&Poor's Ratings Services said today that its ratings and outlooks on Spanish financial institutions (see list below) already factor in the increasingly challenging economic environment taken into ...
- Bulletin: Spain-Based Banco Santander Ratings And Outlook Unchanged By Rights Issue $100.00
MADRID (Standard&Poor's) Nov. 11, 2008--Standard&Poor's Ratings Services said today that its ratings and outlook on Spain-based Banco Santander S.A. (AA/Stable/A-1+) remain unchanged following the announcement by the bank of a €7.2billion rights ...
- Bulletin: Spain-Based Banco Santander Ratings And Outlook Unchanged On Acquisition Of Sovereign Bancorp $100.00
MADRID (Standard&Poor's) Oct. 14, 2008--Standard&Poor's Ratings Services said today that its ratings and outlook on Spain-based Banco Santander S.A. (AA/Stable/A-1+) remain unchanged following the agreement reached for the bank's acquisition ...
