Webster Financial’s ratings have been placed on watch for potential upgrades following its acquisition by Banco Santander SA. The $12.2 billion deal was announced Feb. 3 and is expected to close in the second half of the year. The acquisition is expected to boost the “strategic significance” of Santander Holdings USA’s (SHUSA) operations in the U.S. once it closes, which prompted Kroll Bond Rating Agency to place its ratings across Webster’s debt on “Watch Upgrade,” according to a Feb. 6 KBRA release. Webster […]
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