Certified capital adequacy

Bankinter's ability to improve its key financial ratios (capital adequacy, liquidity, asset quality and profitability) became apparent once again in 2019. This is reflected in its ratings and outlook applied S&P Global and Moody’s, two of the world's leading agencies. A good rating facilitates its deposit taking costs and financing capacity on the markets and preserves the privileged position of the Bank with respect to its size.

In chronological order, the changes in relation to the Bank's rating in 2019 were as follows:

• In July, Moody's Ratings Limited raised Bankinter’s long-term credit rating by one notch, from Baa2 to Baa1, preserving the short-term rating at P-2 and defining the outlook of both ratings as "stable".
• In December, S&P Global Ratings ratified Bankinter's long-term issuer rating as BBB+ and the short-term rating as A-2, while downgrading the outlook from "stable" to "negative".