On 27 June 2017, S&P Global Ratings raised Banco Sabadell’s long-term credit rating to BBB- from BB+ and its short-term rating to A-3 from B, with the outlook remaining positive.
The rating action reflects the belief of S&P Global Ratings that Banco Sabadell has continued to strengthen its solvency and that it continues to make progress in de-risking its balance sheet.
Additionally, S&P Global Ratings raised its rating of Banco Sabadell’s non-deferrable subordinated debt and preferred shares by two notches to BB and B, respectively.