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DBRS rates Banco de Sabadell non-preferreds BBB
DBRS said it assigned a rating of BBB with a positive trend to Banco de Sabadell, SA’s senior non-preferred debt.
The rating is one notch lower than the bank’s intrinsic assessment of BBB (high), in line with the debt obligations framework in the agency's criteria, DBRS said.
The agency said it expects that any future issuance by Sabadell of senior non-preferred debt would be rated at this level, assuming the bank’s intrinsic assessment is BBB (high).
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