S&P affirms Banco Santander

Standard & Poor's said it affirmed its BBB+/A-2 counterparty credit and CD ratings on Banco Santander SA (Mexico).

The outlook is positive.

The agency said that it also affirmed its mxAAA/mxA-1+ national-scale rating on Banco Santander (Mexico), adding that the outlook on the national-scale rating is stable.

According to S&P, the ratings on Banco Santander reflect the bank's improved stand-alone creditworthiness, strong business profile and benefits derived from being considered strategically important to its parent Banco Santander SA (AA/stable/A-1+).

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