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European rating agency. Objective, transparent, independent.

Additional Tier 1

Banco Santander S.A.

Rating History

Rating Watch Outlook Decision Date Action Validity Date Maximum Validity
BB 19.06.2023 27.06.2023
BB 13.04.2022 21.04.2022
BB 17.12.2021 27.12.2021
BB Watch UNW 05.07.2021 06.07.2021
BB 26.11.2020 15.12.2020
BB+ Watch NEW 24.03.2020 28.03.2020
BB+ 22.11.2019 29.11.2019
BB+ Watch UNW 18.06.2019 21.06.2019
BB+ 15.08.2018 17.09.2018

News

  • 27.06.2023
    Creditreform Rating (CRA) affirms Banco Santander's (Group) Long-Term Issuer Rating at A-. The rating outlook is positive.
    CRA affirms Banco Santander's Preferred Senior Unsecured Debt at A-, Non-Preferred Senior Unsecured Debt at BBB+, Tier 2 Capital at BB+ and AT1 Capital at BB.
    CRA affirms the Long-Term Issuer Rating of the Group's subsidiary Banco Santander Totta at A- which reflects Banco Santander's (Group) Long-Term Issuer Rating, in line with our methodology.
  • 21.04.2022
    Creditreform Rating has revised its outlook on the rating of Banco Santander S.A. to positive from stable and affirmed the rating of Banco Santander S.A. at A-. Creditreform Rating has also affirmed the rating of Additional Tier 1 capital at BB, the rating of Tier 2 capital at BB+ and the rating of Preferred Senior Unsecured debt at A-. The rating of Non-Preferred Senior Unsecured Debt was affirmed at BBB+. For more details regarding the rating, we refer to our rating report on our homepage.
  • 27.12.2021
    Creditreform Rating has revised its outlook on the Banco Santander S.A. to stable from negative and affirmed the rating of Banco Santander S.A. at A-. Creditreform Rating has also affirmed the rating of BB of Additional Tier 1, the rating of BB+ of Tier 2 and the rating of A- of the Preferred Senior Unsecured. The rating of Non-Preferred Senior Unsecured Debt was confirmed at BBB+. For more details regarding the rating, we refer to our rating report on our homepage.
  • 06.07.2021
    Creditreform Rating AG has revised its rating methodology for the rating of banks (Bank Ratings). Henceforth, only the revised version of the rating methodology ("Version 3.0") will be applied with the end of the consultation process. In addition, Creditreform Rating AG introduced the new sub-methodology „Institutional Protection Scheme Banks“. Hence, all current ratings of bank capital and unsecured bank instruments will be reviewed as part of our current monitoring and receive therefore the rating supplement "watch". Our revised rating methodologies can be found at www.creditreform-rating.de.
  • 15.12.2020
    Creditreform Rating has lowered the rating on Banco Santander S.A. (Group) to A- from A. In addition, Creditreform Rating has revised its outlook from watch negative to negative. Moreover, Creditreform Rating has also lowered the rating of Additional Tier 1 Capital to BB from BB+, the rating of Tier 2 Capital to BB+ from BBB-, the rating of Non-Preferred Senior Unsecured Debt to BBB+ from A- and the rating of Preferred Senior Unsecured Debt to A- from A. For more details regarding the rating, we refer to our rating report on our homepage.
  • 28.03.2020
    Creditreform Rating has set the rating of all valid bank ratings and bank issues to watch negative due to the currently not assessable impact of the Corona Crisis. Not affected by this rating action are government related banks. We refer to the free available Monitoring Report for a more detailed explanation.
  • 29.11.2019
    Creditreform Rating has affirmed the rating of Banco Santander S.A. at A. The outlook is stable. In addition, Creditreform Rating has affirmed the rating of Additional Tier 1 Capital at BB+ and the rating of Tier 2 Capital at BBB-. The rating of Preferred Senior Unsecured Debt (after reclassification from Senior Unsecured Debt) has affirmed at A. Moreover, the rating of Non-Preferred Senior Unsecured Debt was set to A-.
  • 21.06.2019
    Creditreform Rating AG has revised its rating methodology for the rating of "Bank Capital and Unsecured Debt Instruments". Henceforth, only the revised version of the rating methodology ("Version 2.0") will be applied. Moreover, all current ratings of bank capital and unsecured bank instruments will be reviewed as part of our current monitoring and receive therefore the rating supplement "watch". Our revised rating methodology can be found at www.creditreform-rating.de.
  • 17.09.2018
    Creditreform Rating has set the rating of Banco Santander S.A. to A, with stable outlook. Creditreform Rating has also determined the ratings of the debt classes as follows. The rating of Additional Tier 1 was set to BB+, the rating of Tier 2 to BBB- and the rating of the Senior Unsecured to A.