Financial Review Quarter 3 2023

Rating Portuguese Banks - Senior Debt Long Term Ratings - Senior Debt DBRS Fitch Moody's S&P A Santander A- Santander A3 BBB+ Santander Bank 3 Bank 3 AL Santander BBB+ BBBH Bank 1 BBB Baal BBB Bank 1 Bank 3 Baa2 Bank 2 BBB- Bank 2 BBB BBB- Bank 1 Baa3 BB+ BBBL Bank 2 BB+ Bank 2 Bal Bank 4 BB BBH BB BB BB- BBL Bank 4 B+ BH B BL Santander Peer Group (Main Banks) Last update 12-Dec-2023 Ba2 Ba3 B1 BB- B+ B B2 B- B B- B3 CCC+ CCC+ Caal CCC 27

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