Rating Cajas Bancos

RÁTING A LARGO PLAZO

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ENTIDAD

Previous Previous BFSR BCA

Previous Previous debt ST rating rating

RÁTING A CORTO PLAZO

PERSPECTIVA

RÁTING

PERSPECTIVA

Agreed ST rating

Neg Neg Neg Neg Neg Neg Neg Neg Neg Neg Neg Neg Neg Neg Neg Neg Neg Neg Neg Neg Neg Neg Neg Neg Neg

Aa2 A1 A2 Aa3 A2 A3 A2 A3 A3 Baa1 A1 A3 A3 A3 A3 Baa1 Baa2 A3 A3 A3 Baa1 Baa1 Baa1 Baa3 Baa3

Neg Neg Neg Neg Neg Neg Neg Neg Neg Neg Neg Neg Neg Neg Neg Neg Neg Neg Neg Neg Neg Neg Neg Sta Sta

P-1 P-1 P-1 P-1 P-1 P-2 P-1 P-2 P-2 P-2 P-1 P-2 P-2 P-2 P-2 P-2 P-2 P-2 P-2 P-2 P-2 P-2 P-2 P-3 P-3

BFSR and debt rating downgraded BFSR and rating downgraded 1 debt La Caixa BFSR and rating downgraded 2 debt Bankinter, S.A. BFSR and 3 debt Cajarating Vital downgraded BFSR and rating downgraded 4 debt Banco Popular BFSR and rating downgraded 5 debt Banco Sabadell, S.A. BFSR and downgraded 6 debt Cajarating Laboral Popular Coop. de Credito BFSR and rating downgraded 7 debt Ibercaja BFSR and downgraded 8 debt Cajarating La Rioja BFSR and rating downgraded 9 debt Cajamar BFSR and rating downgraded 10 debt Caixa Manresa BFSR and downgraded 11 debt Cajarating Madrid BFSR and downgraded 12 debt Cajarating Duero BFSR and rating downgraded 13 debt Caixanova BFSR and rating downgraded 14 debt Banco Pastor, S.A. BFSR and rating downgraded 15 debt Caixa Galicia BFSR and downgraded 16 debt Cajarating Municipal Burgos BFSR and rating downgraded 17 debt Caixa Terrassa BFSR and rating downgraded 18 debt Bancaja BFSR and rating downgraded 19 debt Caixa Catalunya BFSR and 20 debt CAMrating downgraded BFSR and rating 21 debt Banco De downgraded Valencia S.A. Cajarating Canarias BFSR 22 and debt downgraded BFSR and downgraded 23 debt Cajarating Espana de Inversiones BFSR and 24 debt Cajarating Aviladowngraded BFSR 25 and debt downgraded Cajarating Segovia

B BC+ B BC+ C+ CC C C+ C C+ C C CCC C C CCCCC-

Aa3 A1 A2 Aa3 A1 A2 A2 Baa1 A3 A3 A2 A3 A2 A3 A3 Baa1 Baa1 A3 A3 A3 Baa1 Baa1 Baa2 Baa2 Baa2

Aa1 Aa3 A1 Aa2 Aa3 A1 A1 A2 A2 A2 Aa3 A2 A1 A2 A2 A3 A3 A2 A2 A2 A3 A3 A3 Baa1 Baa1

P-1 P-1 P-1 P-1 P-1 P-1 P-1 P-1 P-1 P-1 P-1 P-1 P-1 P-1 P-1 P-2 P-2 P-1 P-1 P-1 P-2 P-2 P-2 P-2 P-2

BFSR and debt rating downgraded Count

25

25

BFSR downgraded and debt rating affirmed/confirmed BFSR downgraded 26 Unicaja and debt rating affirmed BFSR downgraded and debt rating affirmed 27 Banca March S.A. BFSR downgraded and debt rating affirmed 28 Banco Guipuzcoano

BC C-

A1 A3 Baa2

Aa3 A2 Baa1

P-1 P-1 P-2

Neg Neg Neg

BFSR downgraded and debt rating affirmed Count BFSR downgraded and debt yrating confirmed 29 Caja Santander Cantabria

Aa3 A2 Baa1

Neg Neg Neg

3 C-

Baa2

A3

P-2

Neg

BFSR downgraded and debt rating confirmed Count

A3

P-1 P-1 P-2 3

Neg

1

P-2 1

BFSR and debt rating affirmed BFSR and rating affirmed 30 debt Bilbao Bizkaia Kutxa BFSR and 31 debt Cajarating Ruralaffirmed de Navarra BFSR and 32 debt Cajarating Ruralaffirmed de Granada

C+ C C-

A2 A3 Baa1

A1 A2 A3

P-1 P-1 P-2

Neg Neg Neg

BFSR and debt rating affirmed Count

A1 A2 A3

Neg Neg Neg

3

P-1 P-1 P-2 3

BFSR downgraded and debt rating under review BFSR downgraded 33 Banestoand debt rating under review

B-

A1

Aa2

P-1

Neg

BFSR downgraded and debt rating under review Count

RUR

RUR

1

P-1 1

BFSR and debt rating under review BFSR and rating downgraded 34 debt Banco Santander S.A. BFSR and rating downgraded 35 debt BBVA

B B

Aa3 Aa3

Aa1 Aa1

P-1 P-1

RUR RUR

RUR RUR

RUR RUR

P-1 P-1

BFSR and rating 36 debt Banco de downgraded Credito Local de Espana, S.A. BFSR and rating downgraded 37 debt Banco Cooperativo Espanol, S.A. BFSR and rating downgraded 38 debt CECA BFSR and rating downgraded 39 debt Santander Consumer Finance S.A. BFSR and downgraded 40 debt Licorating Leasing, S.A.

B C+ BC+

Aa3 A2 A1 A2

Aa1 A1 Aa2 A1 A2

P-1 P-1 P-1 P-1 P-1

RUR RUR RUR RUR

RUR RUR RUR RUR RUR

RUR RUR RUR RUR RUR

P-1 P-1 P-1 RUR RUR

BFSR and debt rating under review Count

7

7

Grand Count

40

40