Credit ratings upgrade for Santander and BBVA

Both Banco Santander (SAN +1.7%) and BBVA's (BBVA +2.5%) long-term issuer default ratings are hiked to A- from BBB+ at Fitch, keeping them one notch higher than that of Spain itself.

The upgrade "primarily reflects the upgrade of Spain's sovereign rating and related signs of macro-economic improvements in the domestic market. Continued diversification benefits, especially for Santander, support these banks' ratings at one notch above the sovereign rating."

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Comments (6)
  • Debutant
    , contributor
    Comments (2993) | Send Message
    For SAN, my no.1 holding, the best is yet to come.
    6 Jun 2014, 03:38 PM Reply Like
    , contributor
    Comment (1) | Send Message
    6 Jun 2014, 11:31 PM Reply Like
  • PD1
    , contributor
    Comments (85) | Send Message
    I started buying SAN back at 6 and change, and as Debutant said above, it's my #1 holding, or close enough. In a post a while back when it was at 8 or 9, I said I'm out at 12. I'm going to retract that; SAN may well be a forever hold. The dividend alone pays the rent, so what's the rush?
    6 Jun 2014, 11:43 PM Reply Like
  • Brlanger
    , contributor
    Comments (86) | Send Message
    Information for stocks headquartered overseas is oftentimes lacking and several of the metrics reported are incorrect. One has to do his homework and look for the correct information elsewhere. Having worked overseas my first exposure to Banco Santandar was in Chile. The margins on credit cards and fees charged by the banks as it is for other banks is higher than what is allowed in the USA. This stock has lots of room to run and the dividend return is incredible which the company maintained at avery high rate throughout the crisis. One cannot say the same for most US Banks. The Santandar website and investor relations is a good source for the correct information. It is close to my #1 holding and is a core holding for the long term.
    8 Jun 2014, 07:54 AM Reply Like
  • Debutant
    , contributor
    Comments (2993) | Send Message


    [The Santandar website and investor relations is a good source for the correct information]


    You would like the following blog by Vincent, rich and up to date in accurate information and analysis:
    9 Jun 2014, 03:25 AM Reply Like
  • vikramnjnjjdjnd
    , contributor
    Comments (1444) | Send Message
    I've been a holder for a year. I plan on buying more for the above reasons. Long.....
    8 Jun 2014, 11:14 PM Reply Like
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