Banco Santander, S.A. (the "Bank") announces that on May 17, 2012, Moody's Investors Servicepublished its revised ratings for the Bank, as detailed below:
§ Long term senior debt and deposits A3 from Aa3
§ Dated subordinated debt Baa1 from A2
Both ratings have a negative outlook.
§ Short term debt P-2 from P-1
Boadilla del Monte (Madrid), May 18, 2012
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