Review by Moody?s of ratings

RNS Number : 5226B

Banco Santander S.A.

04 March 2014

 

MATERIAL FACT

Banco Santander, S.A. (the "Bank") hereby announces that following the upgrade of the Spanish sovereign debt rating by Moody's Investor Service, the agency published on March 4, 2014 the revised rating of the Bank's as follows:

§ Long term senior debt and deposits                                Baa1 from Baa 2

§ Subordinated debt                                                           Baa2 from Baa3

§ Junior subordinated debt                                                 Baa3 from Ba1

§ Preference shares                                                           Ba2 from Ba3

The outlook of these ratings is stable.

§ Short term debt                                                                P-2

Boadilla del Monte (Madrid), March 4, 2014

 

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