Santander : Good credit profile not immune to COVID-19 crisis; credit opinion lowered to Negative and recommendations to Neutral
Our credit opinion reflects our assessment of the trend of an issuer credit quality over the next 12-18 months; over this timeframe and as for most peers, the economic fallout of the COVID-19 crisis will inevitably impact Santander’s asset quality, profitability and but also create downside risk for it barely adequate capital position. These expected adverse developments underpin the revision of our opinion to Negative from Stable. - Santander’s highly diversified franchise by geo...Banco Santander is a holding company, providing a range of financial products. Co.'s products and services include: retail banking business that covers all customer banking businesses; wholesale banking business; as well as asset management and insurance business. Co.'s principal operations are in Spain, the U.K., Portugal, Germany, Italy and Latin America. As of Dec 31 2014, Co.'s total assets amounted to Euro1,266,296,000,000 and total customer deposits amounted to Euro647,627,000,000.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.