trending Market Intelligence /marketintelligence/en/news-insights/trending/fNaS-vqVm7Y5d6g3uHzDVw2 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

Fitch upgrades Abanca's ratings

Key Credit Risk Factors When Assessing Banks In The Context Of COVID-19

Street Talk Episode 61 - Investors debate if U.S. banks have enough capital in post COVID world

You Down With PPP? Consider The Risks

Street Talk Episode 60 - You Down With PPP? Consider The Risks

Fitch upgrades Abanca's ratings

Fitch Ratings on March 19 upgraded Abanca Corporación Bancaria SA's long- and short-term issuer default ratings to BBB-/F3 from BB+/B and its viability rating to "bbb-" from "bb+."

The outlook on the long-term rating is stable.

The upgrades reflect significant improvements in the Spanish lender's asset quality, driven by its continued organic reduction of nonperforming loans and foreclosed assets as well as its reduced capital at risk from unreserved problem assets, which is now at a similar level with that of its investment-grade peers. It also reflects the lender's robust capital position, stable funding and liquidity profile and improved franchise in its home region, among other factors.

In addition, Fitch affirmed Abanca's support rating at 5 and its support rating floor at No Floor.