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S&P Global Ratings upgrades CaixaBank’s long-term debt rating from ‘BBB+’ to ‘A-’ and maintains a stable outlook

13 January 2022

CaixaBank, S.A. informed that the rating agency S&P Global Ratings Europe Limited (S&P Global) had raised the following ratings of the bank as a result of the update of the rating agency’s bank rating criteria:

– Long-term issuer credit rating (ICR) to A- from BBB+, maintaining the outlook Stable.

– Senior preferred debt rating to A- from BBB+.

– Long- and short-term resolution counterparty ratings (RCR) to A/A-1 from A-/A-2

Consequently, CaixaBank has obtained a long-term debt rating of ‘A’ from two of the four main rating agencies after receiving this same rating from DBRS Morningstar. Fitch Ratings has maintained CaixaBank’s rating at ‘BBB+,’ and Moody’s Investors Service establishes it at ‘Baa1’, which are high debt ratings for the bank.

Read more here.

Source: CaixaBank