Review by Fitch and Standard & Poor's of ratings

RNS Number : 0051Q

Banco Santander S.A.

11 October 2011

 

MATERIAL FACT

Banco Santander, S.A. (the "Bank") announces that on October 11, 2011, Fitch Ratings and Standard & Poor's Ratings Services published their revised ratings for the Bank, as detailed below:

Fitch Ratings:

§ Long-term debt & deposits                                 AA- from AA

§ Subordinated debt                                               A+ from AA-

§ Upper Tier II subordinated debt                           A from A+

§ Preferred Shares                                                 A- from A

Ratings have a negative outlook.

Short term rating has been affirmed as F1+.

Standard & Poor's Ratings Services:

§ Long-term debt & deposits                                 AA- from AA

Ratings have a negative outlook.

Short term rating has been affirmed as A-1+.

Boadilla del Monte (Madrid), October 11, 2011

 

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