DBRS Assigns A (low) Final Rating to Various Senior Obligations of Banco Sabadell and subsidiaries

DBRS, Inc. (DBRS) has today assigned a rating of A (low) with a Negative trend to various senior obligations issued by Banco de Sabadell, S.A. (Banco Sabadell) or entities absorbed by Banco Sabadell. At the same time, DBRS has assigned a final rating of A (low) with a Negative trend to various senior obligations issued by CAM Global Finance S.A.U., and CAM Global Finance, now guaranteed by Banco Sabadell. This assignment for these senior unsecured obligations, which are listed below with unique identifiers, reflects the Senior Unsecured Long-Term Debt & Deposit rating of A (low) with a Negative trend assigned on 19 November 2012 to Banco Sabadell.

Notes:
All figures are in Euros unless otherwise noted.

The principal applicable methodology is Global Methodology for Rating Banks and Banking Organisations. Other methodologies used include the DBRS Criteria – Intrinsic and Support Assessments. Both can be found on the DBRS website under Methodologies.

The sources of information used for this rating include company documents, and DBRS’s rating for Banco Sabadell published on 19 November 2012. DBRS considers the information available to it for the purposes of providing this rating was of satisfactory quality.

This rating is endorsed by DBRS Ratings Limited for use in the European Union.

Lead Analyst: Roger Lister
Approver: Alan G. Reid
Initial Rating Date: 19 November 2012
Most Recent Rating Update: 19 November 2012

For additional information on this rating, please refer to the linking document under Related Research.