Company Announcements

Banco Bilbao Vizcaya Argentaria, S.A. (BBVA), in compliance with the Securities Market legislation, hereby communicates the following:

RELEVANT INFORMATION

Fitch Ratings (Fitch) has upgraded BBVA's senior preferred debt long term rating to A from A-. In the same rating action, the agency has affirmed BBVA's long and short term Issuer Default Rating at A- with negative outlook and F2, respectively.

Fitch has also taken the following actions over other BBVA's ratings:

●    Upgraded senior preferred debt short term rating and commercial paper to F1 from F2.

●    Upgraded Derivative Counterparty Rating to A(dcr) from A-(dcr).

●    Assigned long-term deposit rating at A.

●    Assigned short-term deposit rating at F1.

Madrid, July 4th 2019