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Bulletin: Spanish NCG Banco Ratings Are Unaffected By Banco Gallego Sale

Published Apr 23, 2013

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Abstract:

MADRID (Standard&Poor's) April 23, 2013--Standard&Poor's Ratings Services said today that its ratings and outlook on Spain-based NCG Banco S.A. (BB-/Negative/B) are unaffected by the sale of its subsidiary, Banco Gallego, to Banco de Sabadell, which was announced on April 19, 2013. The disposal of Banco Gallego is part of the restructuring plan NCG Banco agreed with the European authorities. We have already factored the impact of the sale into our ratings on NCG Banco.

Report Type:

Bulletin

Ticker

0256595Z@SM

Issuer

Abanca Corporacion Bancaria S.A

Sector

Global Issuers, Structured Finance

Country

Spain

Region

Europe, Middle East, Africa

Format:

HTML

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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings 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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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Bulletin: Spanish NCG Banco Ratings Are Unaffected By Banco Gallego Sale" Apr 23, 2013. Alacra Store. May 16, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Spanish-NCG-Banco-Ratings-Are-Unaffected-By-Banco-Gallego-Sale-1120470>

APA:	S&P Global Ratings’ Credit Research. (). Bulletin: Spanish NCG Banco Ratings Are Unaffected By Banco Gallego Sale Apr 23, 2013. New York, NY: Alacra Store. Retrieved May 16, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Spanish-NCG-Banco-Ratings-Are-Unaffected-By-Banco-Gallego-Sale-1120470>

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