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Moody’s Upgrades Banco Sabadell’s Subordinated Debt Rating

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Moody’s Upgrades Banco Sabadell’s Subordinated Debt Rating

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An update from Banco de Sabadell ( (ES:SAB) ) is now available.

Moody’s Ratings has upgraded Banco Sabadell’s subordinated debt rating to Baa3 from Ba1. This upgrade is attributed to the increase in the volume of preferred shares, which mitigates the potential losses for subordinated debt instruments.

The most recent analyst rating on (ES:SAB) stock is a Hold with a EUR2.70 price target. To see the full list of analyst forecasts on Banco de Sabadell stock, see the ES:SAB Stock Forecast page.

More about Banco de Sabadell

YTD Price Performance: 52.52%

Average Trading Volume: 18,756,212

Technical Sentiment Signal: Buy

Current Market Cap: €14.73B

See more data about SAB stock on TipRanks’ Stock Analysis page.

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