On 17 June 2015, Moody’s Investor Service concluded the ratings review it initiated on 17 March 2015 as a result of the publication of its new methodology and revision of government support considerations.
The credit rating agency has upgraded Banco Sabadell's long-term deposit rating by two notches to Baa3 (from Ba2) and its senior unsecured debt ratings by one notch to Ba1 (from Ba2).
The short-term deposit ratings were upgraded to P3 (from Not-Prime) and the short-term senior debt ratings were affirmed at Not-Prime.
The outlook is now stable.