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Spanish Bank Ratings Affirmed Under Revised FI Criteria

Published Jan 27, 2022

14 pages (5062 words) — Published Jan 27, 2022

Price US$ 150.00 | Buy this Report Now

About This Report

Abstract:

We have reviewed our ratings on nine Spanish banks under our revised "Financial Institutions Rating Methodology". We have affirmed the ratings on these banks, and the outlooks are unchanged. MADRID (S&P Global Ratings) Jan. 27, 2022--S&P Global Ratings today said that it has affirmed its issuer and issue credit ratings on the following Spanish banks. The affirmations follow a revision to our criteria for rating banks and nonbank financial institutions and for determining a Banking Industry Country Risk Assessment (BICRA) (see ?Financial Institutions Rating Methodology,? published Dec. 9, 2021 and ?Banking Industry Country Risk Assessment Methodology And Assumptions,? published Dec. 9, 2021). The affirmations include: Bankinter S.A. (ICR BBB+/Stable/A-2) Cecabank S.A. (ICR BBB+/Stable/A-2) Kutxabank S.A. (ICR BBB/Stable/A-2) Caja Laboral Popular

Brief Excerpt:

...January 27, 2022 - We have reviewed our ratings on nine Spanish banks under our revised "Financial Institutions Rating Methodology". - We have affirmed the ratings on these banks, and the outlooks are unchanged. MADRID (S&P Global Ratings) Jan. 27, 2022--S&P Global Ratings today said that it has affirmed its issuer and issue credit ratings on the following Spanish banks. The affirmations follow a revision to our criteria for rating banks and nonbank financial institutions and for determining a Banking Industry Country Risk Assessment (BICRA) (see "Financial Institutions Rating Methodology," published Dec. 9, 2021 and "Banking Industry Country Risk Assessment Methodology And Assumptions," published Dec. 9, 2021). The affirmations include: - Bankinter S.A. (ICR ###+/Stable/A-2) - Cecabank S.A. (ICR ###+/Stable/A-2) - Kutxabank S.A. (ICR ###/Stable/A-2) - Caja Laboral Popular Cooperativa de Credito (ICR ###/Stable/A-2) - Banco de Sabadell S.A. (ICR ###-/Stable/A-3, RCR ###/A-2) - Abanca Corporacion...

Report Type:

Ratings Action

Ticker

SAB@SM

Issuer

Banco de Sabadell S.A.

GICS

Diversified Banks (40101010)

Sector

Global Issuers, Structured Finance

Country

Spain

Region

Latin America

Format:

PDF

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MLA:	S&P Global Ratings’ Credit Research. "Spanish Bank Ratings Affirmed Under Revised FI Criteria" Jan 27, 2022. Alacra Store. May 24, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Spanish-Bank-Ratings-Affirmed-Under-Revised-FI-Criteria-2786872>

APA:	S&P Global Ratings’ Credit Research. (). Spanish Bank Ratings Affirmed Under Revised FI Criteria Jan 27, 2022. New York, NY: Alacra Store. Retrieved May 24, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Spanish-Bank-Ratings-Affirmed-Under-Revised-FI-Criteria-2786872>

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