Santander Consumer upgraded by Moody's

The lifting of Santander Consumer's (SC -1.2%) long-term debt rating to Baa1 with stable outlook from Baa2 follows last week's upgrade of parent Banco Santander to Baa1 with stable outlook, as the parent is a "provider of ongoing liquidity and capital support."

Comments (1)
  • sujith_arga
    , contributor
    Comments (3) | Send Message
    Thanks. I have one question:
    1) can we take the SDART as a proxy for the asset quality of the Santander consumer USA's managed portfolio, given that securitized portfolio is just a subset of the managed portfolio?


    I wonder if the market is expecting a big credit cycle in the near future, given that the stock looks so cheap on fundamentals?
    9 Jun 2014, 10:51 AM Reply Like
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