Ratings
Cecabank Rating
The current rating given to Cecabank by the three agencies that rate the company is given below.
| Agency | Short-term | Long-term | Outlook | Last review |
|---|---|---|---|---|
| Moody's | P-2 | A3 | Stable | 03/10/2025 |
| Fitch | F3 | BBB | Stable | 16/05/2023 |
| S&P | A2 | BBB+ | Stable | 18/05/2023 |
Rating of the Kingdom of Spain
When establishing the credit rating for Spanish banks, rating agencies take into account the rating assigned to the Kingdom of Spain, which we include as a reference:
| Agency | Short-term | Long-term | Outlook | Last review |
|---|---|---|---|---|
| Moody's | P-2 | A3 | Stable | 03/10/2025 |
| Fitch | F1 | A- | Positive | 28/04/2025 |
| S&P | A1 | A | Stable | 14/03/2025 |
Rating scales
Rating scales for short-term debt used by these agencies are:
| Moody's | Fitch | S&P |
|---|---|---|
| Press-1 | F1 | A-1 |
| Press-2 | F2 | A-2 |
| Press-3 | F3 | A-3 |
| B | B | |
| C | C |
Standard & Poor's and Fitch put a plus sign (+) in the A-1 and F1 categories. Rating scales for long-term debt rating used by these agencies are:
| Agency | Moody's | Fitch | S&P |
|---|---|---|---|
| Category investment | Aaa/Aa/A/Baa | AAA/AA/A/BBB | AAA/AA/A/BBB |
| Speculative category | Ba/B/Caa/Ca/C | BB/B/CCC/CC/C | BB/B/CCC/CC/C |
Moody's applies numerical modifiers 1, 2 and 3 to every general rating category from Aa to B. Modifier 1 indicates that the obligation is placed in the higher band of each general rating category; modifier 2 indicates the middle band and modifier 3 indicates the lower band of each general category. Standard & Poor's applies a plus sign (+) or a minus sign (-) in the AA to CCC categories to indicate the relative position within each category. Fitch applies the same signs from the AAA category onwards.
