trending Market Intelligence /marketintelligence/en/news-insights/trending/cfD2GP4pyDowHAUF4tmHrA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

S&P revises outlook on Bankinter on back of plan to divest, list insurance unit

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible

S&P revises outlook on Bankinter on back of plan to divest, list insurance unit

S&P Global Ratings on Dec. 23 affirmed the BBB+/A-2 long- and short-term issuer credit ratings of Bankinter SA and revised the outlook on the long-term rating to negative from stable.

The ratings action follows the bank's plan to sell an 82.6% stake in wholly owned insurance company Línea Directa Aseguradora SA Compañía de Seguros y Reaseguros and then list the unit on the stock market.

The negative outlook reflects the rating agency's view that the plan to divest Linea Directa Aseguradora is a credit negative, mainly because Bankinter will potentially lose an important recurrent revenue stream, which consistently strengthened the bank's results. The move also raises doubt about the lender's capacity to build capital internally and its business diversification.

This S&P Global Market Intelligence news article may contain information about credit ratings issued by S&P Global Ratings. Descriptions in this news article were not prepared by S&P Global Ratings.