Moody's changes outlook on Banco Santander's Baa2 ratings to stable from negative; affirms ratings


Monday, 10 Feb 2014 07:00pm EST 

Banco Santander SA:Moody's Investor's Service has changed to stable from negative the outlook on Banco Santander SA's (Santander) Baa2 long-term senior debt and deposit ratings.Concurrently, Moody's affirmed these ratings.The rating actions follow the affirmation of the bank's standalone bank financial strength rating (BFSR) at C- with a stable outlook, the gradual economic recovery in Spain and Moody's view that the group's risk-absorption capacity remains resilient despite ongoing asset-quality pressures.The bank's short-term ratings were affirmed at Prime-2. 

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