Review by Fitch and Standard & Poor's of ratings

RNS Number : 3475X

Banco Santander S.A.

13 February 2012

 

MATERIAL FACT

Banco Santander, S.A. (the "Bank") announces that after the downgrade of two notches of the Spanish sovereign rating by Fitch Ratings and Standard & Poor's Ratings Services and due to such action, both agencies have published on February 13, 2012 their revised ratings for the Bank, as detailed below:

Fitch Ratings:

§ Long-term debt & deposits                      A from AA-  (negative outlook)

§ Subordinated debt                                   A- from A+

§ Preferred Shares                                     BB+ from A-

§ Short-term debt & deposits                     F1 from F1+

Standard & Poor's Ratings Services:

§ Long-term debt & deposits                      A+ from AA-  (negative outlook)

§ Short-term debt & deposits                     A-1 from A-1+  (negative outlook)

Boadilla del Monte (Madrid), February 13, 2012

 

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