Fitch revises Santander outlooks

Fitch Ratings said it revised the outlooks on Santander Consumer Finance, SA's (SCF) and Santander Consumer Bank AS' (SCB) to stable from negative and affirmed the issuer default ratings at A-.

“The outlook revision follows the rating action on SCF's and SCB's ultimate provider of support, Banco Santander SA (see 'Fitch Revises Santander's Outlook to Stable; Affirms IDR at A-'' published on June 7, 2021). The IDRs of SCF and SCB are based on Fitch's assessment of institutional support from Banco Santander,” Fitch said in a press release.

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