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S&P Credit Research1091 word report
published Oct 09, 2009
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S&P Credit Research
| Abstract: | 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 the bonds are based on the higher of our long-term issuer credit ratings on Banco Santander S.A. ('AA') and Sovereign Bank ('A') and address the full and timely payment of regularly scheduled interest and principal according to the transaction's terms. The 'A-1+' short-term components of our ratings on the bonds are based on the higher of our short-term issuer credit ratings on Banco Santander ('A-1+') and Sovereign Bank ('A-1') and address the full and timely payment of the bonds' purchase price
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| Brief Excerpt: | RESEARCH Ratings Definitions Ratings On Two Banco Santander S.A.-Related Bonds Lowered To '##/A-1+' Publication date: 09-Oct-2009 Primary Credit Analyst: Mindy Xu, New York (1) 212-438-2879; mindy_xu@standardandpoors.com NEW YORK...
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| Report Type: | Ratings Action
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| Ticker: | SAN@SM
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| Issuer: | Banco Santander S.A.
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| GICS: | Diversified Banks (40101010)
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| Sector: | Global Issuers, Public Finance, Structured Finance
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| Country: | Spain
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| Region: | United States
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| Free Sample: |
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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.
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