DBRS confirms CaixaBank

DBRS said it confirmed the ratings of CaixaBank SA, including the long-term issuer rating of A (low) and the short-term issuer rating of R-1 (low).

The agency also confirmed the bank’s long-term critical obligations rating at A (high) and short-term COR at R-1 (middle), as well as its senior non-preferred debt and subordinated debt at BBB (high) and BBB, respectively.

The trend is stable.

The bank’s intrinsic assessment is confirmed at A (low) and the support assessment remains at SA3.

DBRS said the confirmations reflect the bank’s solid and improved core revenue generation, strengthened capital position and improving asset quality.

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