Company: BCDRF
Filing Date: 2025-03-03
Form Type: 6-K
Source: 0000891478-25-000057
Chunk: 63

Company: Banco Santander, S.A.
Filing Date: 2025-03-03
Form: 6-K
Chunk 63
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itch, Moody's, DBRS, Standard & Poor's, Japan Credit Rating Agency, Inbonis Rating and HR Ratings de México.

For the central government and central banks category, if the requirements of article 137 of the CRR are met, the Group uses the OECD's Country Risk Classification of the Participants to the Arrangement on Officially Supported Export Credits.

Different risk weights are applied to credit exposures depending on the rating assigned by the credit rating agencies (e.g. Fitch, Moody's, Standard & Poor's and Inbonis Rating for the segments approved under Part III, Title II, Chapter II of the CRR) or the minimum export insurance premium rating (e.g. OECD for the central government and central bank segment, as explained above). Japan Credit Rating Agency and HR Ratings de México are used for credit exposures in the Sovereign segment.

Grupo Santander does not currently transfer the issuer and issue credit ratings onto items not included in the trading book for exposures treated under the standard method

The assignment of weights according to credit ratings complies with the regulatory requirements, aligning the alphanumeric scale of each agency used with the credit quality steps set down in Chapter II, Section II of the CRR, as follows:

| Credit quality step |     | S&P / Inbonis  |     | Moody's       |     | Fitch          |     | DBRS          |     | Japan Credit Rating Agency |     | HR Ratings Mexico |
| 1                   |     | AAA a AA-      |     | AAA to AA3    |     | AAA a AA-      |     | AAA to AAL    |     | AAA to AA                  |     | HR AAA to HR AA   |
| 2                   |     | A+ to A-       |     | A1 to A3      |     | A+ to A-       |     | AH to AL      |     | A                          |     | HR A              |
| 3                   |     | BB+ to BBB-    |     | BAA1 to BAA3  |     | BB+ to BBB-    |     | BBBH to BBBL  |     | BBB                        |     | HR BBB            |
| 4                   |     | BB+ to BB-     |     | BA1 to BA3    |     | BB+ to BB-     |     | BBH to BBL    |     | BB                         |     | HR BB             |
| 5                   |     | B+