Santander Business Strategy and Financial Inclusion

Rating Portuguese Banks - Senior Debt A Al BBBH DBRS Fitch Moody's S&P Santander Santander Santander Santander Baa2 BBB+ BBB Bank 1 | Bank 3 Bank 1 | Bank 3 Bank 3 Baa3 BBB BBB- Bal Bank 2 BB+ BBB- BBB Bank 1 Ba2 BB+ BBBL Bank 2 Ba3 BB Bank 2 BBH BB BBL BB- B+ B B1 B2 B3 BB Bank 2 BB- B+ B B- BH Bank 4 B- Caal CCC+ B Bank 4 CCC+ Caa2 CCC BL Santander Peer Group (Main Banks) Last update 18-Oct-2021 CCC CCC- 29 29

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