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S&P Credit Research852 word report
published Mar 04, 2009
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S&P Credit Research
| Abstract: | 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 stable on certain rated subsidiaries (see Ratings List below). At the same time, we affirmed the 'AA/A-1+' long- and short-term counterparty credit ratings on Santander and all rated subsidiaries. "The outlook revision is based on our lowered expectations for economic growth in the countries in which Santander operates and the potential impact on its financial performance," said Standard&Poor's credit analyst Jesus Martinez. The ratings on Santander reflect our view of its clear strategic focus and strong management capabilities, well-diversified geographic
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| Brief Excerpt: | RESEARCH Ratings Definitions Spanish Bank Santander And Subsidiaries Outlooks Revised To Negative; '##/A-1+' Ratings Affirmed Publication date: 04-Mar-2009 Primary Credit Analyst: Jesus Martinez, Madrid (34) 91-389-6941; jesus_martinez@standardandpoors....
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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: | Asset-Backed Commercial Paper, Asset-Backed Securities, Collateralized Debt Obligations, Corporations, Financial Institutions, Global Issuers, Public Finance, Residential MBS, 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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