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DBRS rates CaixaBank debt BBB (high)
DBRS said it assigned a rating of BBB (high) with a stable trend to CaixaBank, SA’s dated subordinated debt.
The agency also assigned a rating of BBB (high) with a stable trend to CaixaBank’s €750 million subordinated fixed reset notes due November 2023, issued under the €10 billion euro medium-term program.
The subordinated debt rating is one notch below the A (low) intrinsic assessment of the bank, in line with DBRS’ criteria. The ratings are subject to the maintenance of the intrinsic assessment.
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