DBRS Discontinues Ratings of Certain of Sabadell’s Senior Debt Issuances After Their Redemption

DBRS, Inc. (DBRS) has today discontinued the ratings of the Bonos Simples Marzo I/ 2012-ES0313860340 and Bonos Simples Septiembre 2011-ES0313860316 issued by Banco Sabadell, S.A. (Sabadell). The securities have been redeemed.

Sabadell’s ratings, including its Senior Unsecured Long-Term Debt & Deposit rating of A (low), with a Negative trend, and Short-Term Debt & Deposit rating of R-1 (low), with a Stable trend, are unaffected by today’s action.

Notes:
All figures in Euros (EUR) unless otherwise noted.

The principal applicable methodology is the Global Methodology for Rating Banks and Banking Organizations. Other methodologies used include the DBRS Criteria – Intrinsic and Support Assessments, Rating Bank Subordinated Debt and Hybrid Instruments with Discretionary Payments, and Rating Bank Preferred Shares and Equivalent Hybrids. All can be found on the DBRS website under Methodologies.

The sources of information used for this rating include company documents and SNL Financial. 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: 14 December 2012

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

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