DBRS alters Sabadell trend to stable

DBRS said it changed the trend to stable from negative and confirmed the ratings of Banco de Sabadell, SA, including the long-term issuer rating of A (low).

“The change of the trend to stable from negative reflects DBRS Morningstar’s view that the impact of Covid-19 on the bank has been less than anticipated in both Spain and the United Kingdom (UK), Sabadell’s key operating markets. Asset quality deterioration has been contained, although asset quality risks do remain, following the full removal of government support measures,” the agency said in a press release.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.