Santander UK Group Holdings PLC And Santander UK PLC Ratings Affirmed; Outlook Stable

We believe that Santander UK's good position in U.K. retail banking, stable earnings, and conservative risk profile continue to underpin its creditworthiness. We are affirming the 'BBB/A-2' long- and short-term issuer credit ratings on Santander UK Group Holdings PLC, the nonoperating holding company. We are also affirming our 'A/A-1' long- and short-term issuer credit ratings on Santander UK PLC, the main operating company. The stable outlook on both entities reflects our view that Santander UK will maintain its retail banking earnings and steadily increase its market position in U.K. business and commercial banking, while keeping its risk appetite stable, with adequate capitalization. LONDON (S&P Global Ratings) May 25, 2018--S&P Global Ratings today affirmed its 'BBB/A-2' long- and short-term issuer credit

...+ We believe that Santander UK's good position in U.K. retail banking, stable earnings, and conservative risk profile continue to underpin its creditworthiness. + We are affirming the '###/A-2' long- and short-term issuer credit ratings on Santander UK Group Holdings PLC, the nonoperating holding company. + We are also affirming our 'A/A-1' long- and short-term issuer credit ratings on Santander UK PLC, the main operating company. + The stable outlook on both entities reflects our view that Santander UK will maintain its retail banking earnings and steadily increase its market position in U.K. business and commercial banking, while keeping its risk appetite stable, with adequate capitalization. LONDON (S&P Global Ratings) May 25, 2018--S&P Global Ratings today affirmed its '###/A-2' long- and short-term issuer credit ratings on U.K.-incorporated Santander UK Group Holdings PLC, the nonoperating holding company (NOHC) of Banco Santander S.A.'s U.K. sub-group. The outlook is stable. At the...

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