Banco Santander, S.A. (the "Bank") hereby announces that DBRS, Inc. ("DBRS") has published on 12 April 2018 their revised ratings for the Bank, as detailed below:
§ Long term rating: A (high) from A. Stable outlook.
§ Short term rating: R-1 (middle) from R-1 (low). Stable outlook.
Boadilla del Monte (Madrid), 12 April 2018
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