SAN 6-K
Banco Santander, S.A. (SAN)
FORM6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of February, 2025
Commission File Number: 001-12518
Banco Santander, S.A.
(Exact name ofregistrant as specified in its charter)
Ciudad Grupo Santander
28660 Boadilla del Monte (Madrid) Spain
(Address of principalexecutive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
| Form 20-F | X | Form 40-F |
|---|
Banco Santander,S.A.
TABLE OF CONTENTS
| Item | |
|---|---|
| 1 | Report of Other Relevant Information<br> dated February 12, 2025 |
Item1
Banco Santander, S.A. (“Santander” or the “Bank”), in compliance with the Securities Market legislation, hereby announces:
OTHER RELEVANT INFORMATION
Fitch Ratings (“Fitch”) has upgraded Santander’s Long Term Issuer Default Rating (IDR) from ‘A-‘ to ‘A’, Short term IDR from ‘F2’ to ‘F1’ and Viability Rating from ‘a-‘ to ‘a’. The outlook on the IDR is stable. The assigned rating is one notch above the Spanish sovereign Long-Term IDR of 'A-'/Positive.
A list of rating actions taken yesterday is detailed below:
| ENTITY/DEBT | RATING | ACTION | ||
|---|---|---|---|---|
| TYPE | PRIOR | CURRENT | ||
| Banco Santander, S.A. | LT IDR^1^ | A- | A | Upgrade |
| ST IDR^2^ | F2 | F1 | Upgrade | |
| Viability | a- | a | Upgrade | |
| DCR^3^ | A(dcr) | A+(dcr) | Upgrade | |
| Preferred | LT | BB | BB+ | Upgrade |
| Senior non-preferred | LT | A- | A | Upgrade |
| Long-term deposits | LT | A | A+ | Upgrade |
| Senior preferred | LT | A | A+ | Upgrade |
| Subordinated | LT | BBB | BBB+ | Upgrade |
Boadilla del Monte (Madrid), 12 February 2025
IMPORTANT INFORMATION
Not a securities offer
This document and the information it contains does not constitute an offer to sell nor the solicitation of an offer to buy any securities.
^1^ Long-Term Issuer Default Rating
^2^ Short-Term Issuer Default Rating
^3^ Derivative Counterparty Rating
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Banco Santander, S.A. | ||||
|---|---|---|---|---|
| Date: | February 12, 2025 | By: | /s/ Pedro de Mingo Kaminouchi | |
| Name: | Pedro de Mingo Kaminouchi | |||
| Title: | Head of Corporate Compliance |