...+ We consider that Banco de Sabadell S.A.'s capital position has strengthened and its asset quality is also gradually improving. + From year-end 2017, Sabadell's risk-adjusted capital ratio should operate at a level sustainably above 7%, factoring in organic capital generation, hybrid issuance, and the announced sale of its U.S. subsidiary. + We are raising our long- and short-term ratings on Sabadell to '###-/A-3' from '##+/B'. + The positive outlook reflects the possibility of an upgrade on the back of a potentially more supportive economic and operating environment in Spain. MADRID (S&P Global Ratings) June 27, 2017--S&P Global Ratings today raised its long- and short-term counterparty credit ratings on Spain-based Banco de Sabadell S.A. to '###-/A-3' from '##+/B'. The outlook remains positive. At the same time, we raised to '##' from 'B+' Sabadell's nondeferrable subordinated debt and to 'B' from '###+' the preferred stock. The rating action reflects our belief that Sabadell has continued...
