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| Brief Excerpt: | ...VR and Support Drive IDRs: Santander Consumer Bank AG's (SCB AG) Issuer Default Ratings (IDRs) reflect its solid standalone profile reflected in its Viability Rating (VR) and strong support from its ultimate parent, Banco Santander, S.A. (Santander, A-/Stable/a-). SCB AG's VR reflects its strong and stable profitability underpinned by its good consumer lending franchise in Germany, well-controlled risk, adequate capitalisation and sound funding profile. Integration Underpins Support: Fitch Ratings believes Santander's ability and propensity to provide SCB AG with support are high. Consumer finance is a core activity for Santander. SCB AG is deeply integrated into the group's systems via its intermediate parent Santander Consumer Finance, S.A. (SCF; A-/Stable/bbb+) and uses Santander's brand name. SCB AG has by far the largest stock of loans and deposits of all SCF's subsidiaries. Strong and Stable Performance: SCB AG's operating profitability has consistently been one of the German banking... |
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| Report Type: | |
| Company(ies) | BANCO SANTANDER (MEXICO), S.A.
, BANCO SANTANDER ARGENTINA S.A.
, BANCO SANTANDER CHILE SA
, Banco Santander Puerto Rico
, Banco Popular Espanol, S.A.
, Santander UK PLC
, Banco Santander S.A.
, Santander Consumer Finance, S.A.
, Santander Financial Services plc
, Santander Bank Polska Spolka Akcyjna
, Santander Totta, SGPS, SA
, BANCO SANTANDER TOTTA, SA
, Banco Santander (Brasil) S.A.
, Santander Consumer Bank AG
, Santander International Debt SAU
, BPE Financiaciones, S.A.
, Santander Commercial Paper S.A
, Santander Finance Capital, S.A. Unipersonal
, Santander Finance Preferred SA Unipersonal
, Santander International Preferred SA. Unipersonal |
| Ticker(s) | BRIO
, BSANTANDER
, BZW
, SAN
, SANB3
, SANMEX.B |
| Issuer | Santander UK Group Holdings plc |
| Format: | | PDF |  |
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