Credit ratings are an opinion of the Entity's creditworthiness and relative capacity to meet its financial obligations.
Hereunder are presented the ratings assigned to CaixaBank, S.A. by the rating agencies Moody’s Investors Service España, S.A. (Moody’s), S&P Global Ratings Europe Limited (S&P Global), Fitch Ratings Ireland Limited (Fitch) and DBRS Ratings GmbH (DBRS). All these agencies are registered with the European Securities and Markets Authority (ESMA) and regulated by European Union legislation (Regulation (UE) No 462/2013 of the European Parliament).
Agency | Long term | Short term | Outlook | Last review date | Press release last review |
---|---|---|---|---|---|
Moody’s |
A3 |
P-2 |
Stable |
10/07/2024 |
|
S&P Global |
A- |
A-2 |
Positive |
29/04/2024 |
|
Fitch |
BBB+ |
F2 |
Positive |
29/05/2024 |
|
DBRS |
A |
R-1 (low) |
Positive |
08/08/2024 |
Agency | Rating | Outlook | Last review date | Press release last review |
---|---|---|---|---|
Moody’s |
Aa1 |
-- |
26/01/2024 |
|
S&P Global |
AA+ |
Stable |
18/01/2024 |
|
DBRS |
AAA |
-- |
12/01/2024 |
Credit ratings can be revised, cancelled or withdrawn at any time by the rating agencies. The aforementioned credit ratings do not constitute a recommendation to buy, hold, or sell bonds issued by the Company.
The long term debt rating categories used by the aforementioned agencies are as follows:
Agency | Moody's | S&P Global/ Fitch/ DBRS |
---|---|---|
Investment category |
Aaa |
AAA |
Speculative category |
Ba |
BB |
Moody's assigns the numerical modifiers ‘1’, ‘2’ and ‘3’ to each generic ratings category from Aa to Caa. The modifier ‘1’ indicates that the obligation ranks in the higher end of its generic rating category; the modifier ‘2’ indicates a mid-range ranking and the modifier ‘3’ indicates a ranking in the lower end of its rating category.
S&P Global and Fitch apply the modifiers plus (+) or minus (-) in categories AA to CCC to indicate the relative standing within each rating category; while DBRS applies the modifiers (high) and (low).
The short term debt rating categories used by these agencies are as follows:
Agency | Moody's | S&P Global | Fitch | DBRS |
---|---|---|---|---|
Investment category |
Prime-1 |
A-1 |
F1 |
R-1 |
Speculative category | Not Prime |
B C |
B C |
R-4 R-5 |
S&P Global and Fitch apply the plus modifier (+) within the categories A-1 and F1. DBRS applies the modifiers (high), (middle) and (low) to categories R-1 and R-2.
Agency | Long term | Short term | Outlook | Last review date | Press release last review |
---|---|---|---|---|---|
S&P Global |
BBB+ |
A-2 |
Stable |
29/03/2021 |
Agency | Rating | Outlook | Last review date | Press release last review |
---|---|---|---|---|
Moody’s |
Aa1 |
-- |
17/04/2018 |
|
DBRS |
AAA |
-- |
15/01/2021 |
The ratings may be revised, suspended or withdrawn by the rating agency at any time. These ratings do not constitute a recommendation to buy or sell.
Agency | Long term | Short term | Outlook | Evaluation Date/ Confirmation | Website |
---|---|---|---|---|---|
S&P Global | BBB+ | A-2 | Stable | 23/09/2020 | Press release last review |
Fitch | BBB+ | F2 | Negative | 16/09/2020 | www.fitchratings.com |
DBRS | A | R-1 (low) | Stable | 30/03/2020 | Press release last review |
Agency | Rating | Outlook | Last review date | Press release last review |
---|---|---|---|---|
S&P Global |
AA |
Estable |
19/03/2019 |
|
DBRS |
AAA |
-- |
15/01/2020 |
The ratings may be revised, suspended or withdrawn by the rating agency at any time. These ratings do not constitute a recommendation to buy or sell.
Agency | Long term | Short term | Outlook | Evaluation Date/ Confirmation | Website |
---|---|---|---|---|---|
Moody's | Baa1 | P-2 | Stable | 17/05/2019 | www.moodys.com |
Standard & Poor's |
BBB+ | A-2 | Stable | 31/05/2019 | www.standardandpoors.com |
Fitch | BBB+ | F2 | Stable | 27/09/2019 | www.fitchratings.com |
DBRS | A | R-1 (low) | Stable | 29/03/2019 | www.dbrs.com |
Agency | Ratings | Outlook | Evaluation Date/ Confirmation |
---|---|---|---|
Moody's | Aa1 | -- | 17/04/2018 |
Standard & Poor's |
AA- | Positive | 27/03/2018 |
DBRS | AAA | -- | 22/02/2018 |
The ratings may be revised, suspended or withdrawn by the rating agency at any time. These ratings do not constitute a recommendation to buy or sell.
Agency | Long term | Short term | Outlook | Evaluation Date/ Confirmation | Website |
---|---|---|---|---|---|
Moody's |
Baa2 Baa2 |
P-2 P-2 |
Positive Positive |
01/08/2018 17/04/2018 |
www.moodys.com |
Standard & Poor's |
BBB | A-2 | Positive | 06/10/2017 | www.standardandpoors.com |
Fitch | BBB | F2 | Positive | 03/07/2018 | www.fitchratings.com |
DBRS | A (low) | R-1 (low) | Stable | 15/03/2018 | www.dbrs.com |
Agency | Ratings | Outlook | Evaluation Date/ Confirmation |
---|---|---|---|
Moody's | Aa2 | -- | 18/06/2015 |
Standard & Poor's |
A+ | Positive | 20/04/2017 |
DBRS |
AAA AA (high) AA (high) AA (high) |
-- |
16/04/2018 17/01/2018 15/01/2018 11/10/2017 |
The ratings may be revised, suspended or withdrawn by the rating agency at any time. These ratings do not constitute a recommendation to buy or sell.
Agency | Long term | Short term | Outlook | Evaluation Date/ Confirmation | Website |
---|---|---|---|---|---|
Moody's |
Baa2 |
P-2 |
Stable |
18/01/2017 |
www.moodys.com |
Standard & Poor's |
BBB BBB |
A-2 A-2 |
Positive Positive |
01/08/2017 09/02/2017 |
www.standardandpoors.com |
DBRS | A (low) | R-1 (low) | Stable | 16/03/2017 | www.dbrs.com |
Agency | Ratings | Outlook | Evaluation Date/ Confirmation |
---|---|---|---|
Standard & Poor's |
A+ | Positive | 07/04/2017 |
DBRS |
AA (high) AA (high) AA (high) |
-- |
11/10/2017 20/01/2017 16/01/2017 |
The ratings may be revised, suspended or withdrawn by the rating agency at any time. These ratings do not constitute a recommendation to buy or sell.
Agency | Long term | Short term | Outlook | Evaluation Date/ confirmation | Website |
---|---|---|---|---|---|
Moody's |
Baa2 |
P-2 |
Negative |
20/04/2016 |
www.moodys.com |
Standard & Poor's |
BBB |
A-2 |
Stable |
22/04/2016 |
www.standardandpoors.com |
Fitch |
BBB |
F2 |
Positive |
26/04/2016 |
www.fitchratings.com |
DBRS | A (low) | R-1 (low) | Stable | 13/04/2016 | www.dbrs.com |
Agency | Ratings | Outlook | Evaluation Date/ confirmation |
---|---|---|---|
Standard & Poor's |
A+ | Stable | 27/05/2016 |
DBRS |
AA (high) AA (low)
|
-- Under Review with positive implications -- |
10/03/2016 09/02/2016
|
The ratings may be revised, suspended or withdrawn by the rating agency at any time. These ratings do not constitute a recommendation to buy or sell.
Agency | Long term | Short term | Outlook | Evaluation Date/ Confirmation | Website |
---|---|---|---|---|---|
Moody's |
Baa2 Baa3 Baa3 |
P-2 P-3 P-3 |
Stable Review for upgrade Review for downgrade |
17/06/2015
|
www.moodys.com |
Standard & Poor's |
BBB BBB BBB |
A-2 A-2 A-2 |
Stable Stable Credit watch negative |
06/10/2015 22/06/2015
|
www.standardandpoors.com |
Fitch |
BBB |
F2 |
Positive |
25/02/2015 |
www.fitchratings.com |
DBRS |
A (low) A (low) |
R-1 (low) R-1 (low) |
Positive Stable |
20/11/2015 10/02/2015 |
www.dbrs.com |
Agency | Ratings | Outlook | Evaluation Date/ Confirmation |
---|---|---|---|
Standard & Poor's |
Aa2 A1 A1 |
-- Review for upgrade Review for downgrade |
18/06/2015 17/03/2015 19/02/2015 |
DBRS |
A+ |
Stable |
13/10/2015 |
The ratings may be revised, suspended or withdrawn by the rating agency at any time. These ratings do not constitute a recommendation to buy or sell.