S&P Global Ratings has raised Banco Sabadell’s long-term credit rating to BBB
Please find attached the press release published in the CNMV website, confirming that, as of today, S&P Global Ratings has raised Banco Sabadell’s long-term credit rating to BBB from BBB- and its short-term rating to A-2 from A-3. The outlook is stable.
This rating upgrade is based on the improvement of Banco Sabadell’s credit quality in the context of a lower industry risk for the Spanish banking system mainly supported by the deleveraging of the latter as well as an improvement in investor confidence in the sector.
Banco de Sabadell, S.A. Avenida Óscar Esplá, 37, 03007 Alicante, registered with the Mercantile Register in Alicante, tome 4070, folio 1, page A-156980, Fiscal Identification Number (NIF) A08000143.
Financial institution under the supervision of the Bank of Spain and registered in the Special Administrative Register under number 0081
Email address email@example.com - Banco de Sabadell, SA, 2014. All rights reserved.