Banco de Sabadell S.A./Non-preferred Senior Unsecured
Banco de Sabadell S.A.
Action Validity Date
Creditreform Rating has lowered the rating on Banco de Sabadell (Group) to BBB- from BBB. In addition, Creditreform Rating has revised its outlook from watch negative to stable. Moreover, Creditreform Rating has also lowered the rating of Additional Tier 1 Capital to B from B+, the rating of Tier 2 Capital to B+ from BB-, the rating of Non-Preferred Senior Unsecured Debt to BB from BB+ and the rating of Preferred Senior Unsecured Debt to BB+ from BBB-. For more details regarding the rating, we refer to our rating report on our homepage.
Creditreform Rating has set the rating of all valid bank ratings and bank issues to watch negative due to the currently not assessable impact of the Corona Crisis. Not affected by this rating action are government related banks. We refer to the free available Monitoring Report for a more detailed explanation.
Creditreform Rating has affirmed the rating of Banco de Sabadell S.A. (Group) at BBB. The outlook is stable. In addition, Creditreform Rating has affirmed the rating of Additional Tier 1 at B+, the rating of Tier 2 at BB- and the rating of Preferred Senior Unsecured Debt (after reclassification from Senior Unsecured Debt) at BBB-. In addition, Creditreform Rating has assigned the Non-Preferred Senior Unsecured debt class the rating of BB+.