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SAN share (Madrid) Positivo_GB 5.642 | 0.59% | 18:00

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Ratings

Rating tables by Agency
 
This page details the ratings awarded to the Company by the following credit rating agencies: Dominion Bond Rating Service (henceforth "DBRS"), Fitch Ratings España, S.A. (henceforth "Fitch"), Moody's Investors Service España, S.A. (henceforth "Moody's"), Standard & Poor's (henceforth "Standard & Poor's") Gesellschaft für Bonitätsbeurteilung mbH (henceforth “GBB-Rating”) and Scope Ratings (henceforth “Scope”).
 
Table of Ratings by Agency
Agency Long Term Short Term Outlook Reports

DBRS

A R-1 (Low) Stable November 2016
pdf 204 KB
October 2016
pdf 51 KB
July 2015 pdf 536 Kb
Fitch A- F2 Stable April 2017 pdf 59 Kb July 2016 pdf 341 Kb July 2014 pdf 847 Kb
Moody's A3 P-2 Stable February 2017 pdf 1452 Kb August 2016 pdf 1322 Kb February 2016 pdf 192 Kb
Standard & Poor's A- A-2 Stable June 2017 pdf 271 Kb February 2017 pdf 282 Kb December 2016 pdf 410 Kb
Scope AA- S-1 Stable April 2017 pdf 383 Kb  March 2015 pdf 677 Kb November 2014 pdf 544 Kb
GBB Rating AA- - Stable      
 
The credit rating can be revised, cancelled or withdrawn at any time by the ratings agency.
 
The aforementioned credit ratings are only an estimation and should not prevent potential investors in bonds issued by the company from undertaking their own analysis of the Company or the bonds it issues.
 
The long term debt rating categories used by the aforementioned agencies are as follows:
 
Agencia Moody's Standard & Poors Fitch DBRS
Investment Category Aaa
Aa
A
Baa
AAA
AA
A
BBB
AAA
AA
A
BBB
AAA
AA
A
BBB
Especulative Category Ba
B
Caa
Ca
C
BB
B
CCC
CC
C
BB
B
CCC
CC
C
BB
B
CCC
CC
C
 
Moody's assignes numeric modifiers 1, 2 and 3 to each generic ratings classification from Aa through B. The modifier 1 indicates that the obligation ranks in the higher end of its generic rating category; the modifier 2 indicates a mid-range ranking and the modifier 3 indicates a ranking in the lower end of that generic rating category.
 
Standard & Poor's applies a plus (+) or minus (-) sign in categories AA through CCC to show relative standing within the major rating categories.
 
Fitch applies these same signs from the AAA category. The short term debt rating categories used by these agencies are as follows:
 
Moody's Standard & Poors Fitch DBRS
Prime-1
Prime-2
Prime-3
A-1
A-2
A-3
B
C
F1
F2
F3
B
C
R-1
R-2
R-3
R-4
R-5
 
Standard & Poor's and Fitch both apply a plus sign (+) within the categories A-1 and F1.
 
These credit ratings do not constitute a recommendation to buy, sell or subscribe to the bonds issued by the Company. The credit rating can be revised, cancelled or withdrawn at any time by the ratings agency.
 
The aforementioned credit ratings are only an estimation and should not prevent potential investors in bonds issued by the company from undertaking their own analysis of the Company or the bonds it issues.

 

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