Fitch raised Santander BP rating outlook to positive, maintained BBB+
08:40
Fitch Ratings changed the outlook on Santander Bank Polska’s long-term IDR rating to stable from negative, while maintaining the BBB+ rating, the agency said.
The outlook change follows a change in the outlook for the parent company, Banco Santander S.A. (A-/Stable/a-) to stable from negative, the agency said.
Santander Bank Polska (former Bank Zachodni WBK) is one of the leading universal banks in Poland. Its shares are listed on the Warsaw Stock Exchange. The main shareholder of Santander Bank Polska is the Spanish Santander, the first bank in the euro area and the 11th largest in the world by capitalization. Santander Bank Polska Group companies offer, among others, investment funds, insurance, leasing, and factoring. Total assets of the bank amounted to PLN 229.31 billion at the end of 2020.
