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Banco Santander, S.A. (Spain): Update following rating affirmation

Our credit view of Banco Santander reflects its sustained revenue generation, stress capital resilience and average, albeit improving, bottom-line profitability.

Banco Santander S.A. (Spain): Update following rating affirmation

Our credit view of this issuer reflects its stress capital resilience, offset by its strained bottom-line profitability.

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