Credit rating increase for Santander Financial Services plc

Santander Financial Services plc, which trades as Santander International and has branches in Jersey and the Isle of Man, has recently had their credit rating increased to A+ from A by Fitch Ratings. “This is a really positive message that despite the decline in the global economic outlook due to the current coronavirus pandemic, Fitch Ratings have recognised the strong and improving financial dynamics of this growing and independent subsidiary. Santander Financial Services plc boasts Tier 1 Equity (CET1) of 39.90%, almost 3 times the minimum requirement, which demonstrates that it is one of the most well capitalised financial institutions in its peer group and offers international clients a strong and secure home for their money.” James Pountney, CEO, Santander Financial Services plc.

 

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