S&P: Santander Brasil notes BBB

Standard & Poor's said it assigned its BBB senior unsecured debt rating to Banco Santander (Brasil) SA's senior unsecured notes up to CHF 125 million.

The notes will mature in 2015.

"The rating on the notes reflects its pari passu ranking with other senior unsecured debt. As a result, its rating is the same as Banco Santander Brazil's long-term issuer credit rating. The bank plans to use the proceeds for general corporate purposes," S&P credit analyst Arturo Sanchez said in a news release.

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