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Published on 10/28/2011 in the Prospect News Convertibles Daily.

DBRS: Santander unchanged

DBRS said that its ratings of Banco Santander SA remain unchanged after the group's 3Q11 results announcement.

The agency said that it rates the group's senior unsecured long-term debt & deposit at AA with a negative trend.

While DBRS views Santander as benefitting from its internationally diversified franchise, the challenging macro environment, especially in Europe, continues to pressure earnings.


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