Banco Santander, S.A. (the 'Bank') hereby announces that following the recent upgrade of the Spanish sovereign debt rating by Standard & Poor's Ratings Services, the agency published on October 6, 2015 their revised ratings for the Bank, as detailed below:
Banco Santander, S.A. - Domicilio Social: Paseo de Pereda, 9-12. 39004 SANTANDER - R. M. de Santander, Hoja 286, Folio 64, Libro 5º de Sociedades, Inscripción 1ª. C.I.F. A-39000013
Long term debt: A- from BBB+ (stable outlook). Short term rating of A-2 is affirmed (stable outlook).
Senior subordinated debt: BBB from BBB-
Junior subordinated debt: BB+ from BB
Preferred stock: BB+ from BB
Boadilla del Monte (Madrid), October 6, 2015
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