New York, October 18, 2016 -- Moody's Investors Service downgraded the senior unsecured debt and non-cumulative preferred stock ratings of Santander Holdings USA, Inc. (SHUSA) to Baa3 from Baa2, and to Ba3(hyb) from Ba2(hyb), respectively. SHUSA is the US holding company of Spanish bank Banco Santander, S.A. (deposits A3 stable, senior unsecured (P)A3, BCA baa1).
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