9 February 2017
- The rating agency highlights Cecabank's solvency and improves its rating
Standard & Poor’s (S&P) has confirmed Cecabank's long-term BBB rating. It has also improved its outlook from 'stable' to 'positive'.
The agency states in its latest report, published today, that the fact that the bank is constantly strengthening its business model could result in a ratings upgrade in coming months. It also points out that this improvement is based on the likelihood that "Cecabank's solvency will remain strong" and that it is unlikely to have to receive financing from the Central Bank.
S&P also emphasises that the improvement of economic conditions in Spain may mean an opportunity to consolidate the operations of banks operating mainly in the country.
