Credit Rating Report

Santander Totta S.A. Covered Bonds (Obrigações Hipotecárias - Mortgages): Surveillance Report

Covered Bonds

Summary

On 17 July 2020, DBRS Ratings Limited (DBRS Morningstar) confirmed its AA (low) ratings on the Portuguese legislative covered bonds issued under the Banco Santander Totta S.A. EUR 12.5 billion OH programme. For insight beyond the ratings, see the surveillance report.

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