Tuesday 15 June 2021
Select a region

Credit rating boost for Santander International

Credit rating boost for Santander International

Wednesday 01 July 2020

Credit rating boost for Santander International

Santander International has had its credit rating increased to A+ from A by Fitch Ratings.

The AA rating of the firm, which has branches in Jersey and the Isle of Man, indicates a very low default risk and a capacity for payment that is not significantly vulnerable to foreseeable events and is one of the highest ratings for financial institutions.

“This is a really positive message that despite the decline in the global economic outlook due to the current coronavirus pandemic, Fitch Ratings have recognised the strong and improving financial dynamics of this growing and independent subsidiary," James Pountney, Managing Director of Santander Financial Services plc, said.

“Santander Financial Services plc boasts Tier 1 Equity (CET1) of 39.90%, almost three times the minimum requirement, which demonstrates that it is one of the most well capitalised financial institutions in its peer group and offers international clients a strong and secure home for their money.”

Sign up to newsletter



Comments on this story express the views of the commentator only, not Bailiwick Publishing. We are unable to guarantee the accuracy of any of those comments.

Once your comment has been submitted, it won’t appear immediately. There is no need to submit it more than once. Comments are published at the discretion of Bailiwick Publishing, and will include your username.

There are no comments for this article.

To place a comment please login

You have landed on the Bailiwick Express website, however it appears you are based in . Would you like to stay on the site, or visit the site?