S&P Corrects 'BBB' Rating On Spain-Based CaixaBank €2 Bil. Preferred Shares By Removing It From CreditWatch Negative - S&P Global Ratings’ Credit Research

S&P Corrects 'BBB' Rating On Spain-Based CaixaBank €2 Bil. Preferred Shares By Removing It From CreditWatch Negative

S&P Corrects 'BBB' Rating On Spain-Based CaixaBank €2 Bil. Preferred Shares By Removing It From CreditWatch Negative - S&P Global Ratings’ Credit Research
S&P Corrects 'BBB' Rating On Spain-Based CaixaBank €2 Bil. Preferred Shares By Removing It From CreditWatch Negative
Published Dec 01, 2011
975 words — Published Dec 01, 2011
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

MADRID (Standard&Poor's) Dec. 1, 2011--Standard&Poor's Ratings Services today affirmed and removed its 'BBB' issue rating on the €2 billion preferred shares issued by Spanish bank CaixaBank S.A. (A+/Negative/A-1) from CreditWatch with negative implications, where it had originally been placed on Feb. 1, 2011. Due to an administrative error, the rating on this issue was not removed from CreditWatch with negative implications at the time of our latest rating action on CaixaBank on July 1, 2011. RELATED CRITERIA AND RESEARCH CaixaBank, Caixa Group's Operating Entity, Raised To 'A+'; Holding Company La Caixa Lowered To 'A-/A-2'; Outlook Stable, July 1, 2011 Principles Of Credit Ratings, Feb. 16, 2011 RATINGS LIST CreditWatch Action; Ratings Affirmed To From Caixabank S.A.

  
Brief Excerpt:

RESEARCH S&P Corrects '###' Rating On Spain-Based CaixaBank aé¼2 Bil. Preferred Shares By Removing It From CreditWatch Negative Publication date: 01-Dec-2011 Primary Credit Analyst: Luigi Motti, Madrid (34) 91-788-7234; luigi_motti@standardandpoors.com...

  
Report Type:

Ratings Action

Ticker
CRI@SM
Issuer
CaixaBank, S.A.
GICS
Diversified Banks (40101010)
Sector
Global Issuers, Structured Finance
Country
Spain
Region
Europe, Middle East, Africa
Format:
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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. "S&P Corrects 'BBB' Rating On Spain-Based CaixaBank €2 Bil. Preferred Shares By Removing It From CreditWatch Negative" Dec 01, 2011. Alacra Store. May 18, 2025. <http://www.alacrastore.com/s-and-p-credit-research/S-P-Corrects-BBB-Rating-On-Spain-Based-CaixaBank-2-Bil-Preferred-Shares-By-Removing-It-From-CreditWatch-Negative-918542>
  
APA:
S&P Global Ratings’ Credit Research. (). S&P Corrects 'BBB' Rating On Spain-Based CaixaBank €2 Bil. Preferred Shares By Removing It From CreditWatch Negative Dec 01, 2011. New York, NY: Alacra Store. Retrieved May 18, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/S-P-Corrects-BBB-Rating-On-Spain-Based-CaixaBank-2-Bil-Preferred-Shares-By-Removing-It-From-CreditWatch-Negative-918542>
  
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