Press release

S&P upgrades CaixaBank's rating, with the bank now having an ‘A’ rating from two out of the four main rating agencies

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S&P Global Ratings has upgraded CaixaBank's long-term debt rating from ‘BBB+’ to ‘A-’ and has maintained a ‘stable’ outlook for the bank, according to CaixaBank’s communication to the Spanish National Securities Market Regulator (CNMV).

As a result, CaixaBank now holds an ‘A’ long-term debt rating from two of the four main rating agencies, after receiving this same rating from DBRS.

Fitch rates CaixaBank's debt ‘BBB+’, with Moody’s has a ‘Baa1’.

S&P has also upgraded the Senior-preferred debt rating to ‘A-’ from ‘BBB+’, as well as the long-term and short-term counterparty rating to ‘A/A-1’ from ‘A-/A-2’, respectively.

This rating review has been conducted after the credit rating agency updated its methodology. The remainder of CaixaBank’s ratings provided by S&P remain unchanged.