Fitch affirms Banco Santander

Fitch Ratings said it affirmed Banco Santander's long-term issuer default rating at AA, short-term issuer default rating at F1+ and viability rating at aa.

The outlook for the long-term issuer default rating is stable.

The affirmation reflects the group's strong and geographically diverse franchises with main markets in Spain, Portugal, the United Kingdom, Brazil, Chile and Mexico, and a focused strategy, with non-organic expansion centered in retail banking, according to the agency.

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