Banco Santander Long-Term Rating Upgraded to A+ by Fitch

Fitch Ratings has upgraded Banco Santander's long-term rating from A to A+ with a stable outlook, while affirming its short-term rating at F1. This upgrade also extends to several of Santander's key subsidiaries, including Banco Santander Totta, Santander Consumer Finance, Santander Consumer Bank AG, and Santander Consumer Bank AS, all receiving an A+ long-term rating with a stable outlook. Additionally, Santander Totta's long-term deposits were upgraded from A+ to AA- and its short-term deposits from F1 to F1+.