...+ Spain-based Abanca has announced that it will acquire Banco Caixa Geral, the Spanish subsidiary of Portuguese-Caixa Geral de Depositos. + We anticipate that the acquisition will have a limited impact on Abanca's overall financials and credit profile. + We are therefore affirming our '##+/B' long- and short-term ratings on Abanca. + The stable outlook reflects our view that Abanca will be able to maintain its risk-adjusted capital ratio in the 7.0%-7.5% range over the next 12-18 months, while at the same time focusing on further reducing its stock of problematic assets. MADRID (S&P Global Ratings) Nov. 27, 2018--S&P Global Ratings today affirmed its '##+/B' long- and short-term issuer credit ratings on Spain-based Abanca Corporacion Bancaria S.A. (Abanca). The outlook is stable. The affirmation follows Abanca's announcement that the Portuguese government has approved its offer to acquire 99.79% of the share capital of Banco Caixa Geral S.A., the Spanish subsidiary of Portuguese government-owned...
