Moody’s gives Santander UK Baa2 IR

Moody's Investors Service said it assigned a Baa2 issuer rating to Santander UK Group Holdings plc (Holdco), which is the immediate parent of Santander UK plc (A2 positive watch/A2 positive, baa1).

The outlook is positive, in line with the outlook of Santander UK's A2 issuer rating.

The rating is based on the consolidated loss-given-failure analysis with Holdco's main operating company, Santander UK, and government support analysis relating to the probability of support for the senior liabilities of the holding company.

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