Current Report no. 17 (2019)

Moody's Investors Service upgraded Santander Bank Polska S.A. ratings

The Management Board of Santander Bank Polska S.A. hereby publishes the rating decision issued by Moody's Investors Service Agency.

On 3rd June 2019 Moody's Investors Service upgraded Santander Bank Polska S.A.'s long-term deposit ratings to A2 from A3 and its long-term senior unsecured debt rating to A3 from Baa1.

Concurrently, the bank's baseline credit assessment (BCA) was upgraded to baa2 from baa3, its Adjusted BCA to baa1 from baa2, its long-term Counterparty Risk Assessment (CR Assessment) to A1(cr) from A2(cr), its long-term Counterparty Risk Ratings (CRRs) to A1 from A2. At the same time, Moody's upgraded SBP's short-term deposit ratings to Prime-1 from Prime-2 and affirmed the bank's Prime-1(cr) shortterm CR Assessment and Prime-1 short-term CRRs.

The outlook on the long-term deposit and senior unsecured debt ratings was changed to stable from positive.

The full Moody's publication for Polish banks is attached to this report.

Documents and Downloads:
Attachment to the report Uruchomi się w nowym oknie

Legal basis:
article 17 (1) of Regulation No 596/2014 of the European Parliament and the Council of 16 April 2014 on market abuse (MAR) - inside information