Company Announcements

Fitch Rating Update

Source: RNS
RNS Number : 7140Q
Banco Bilbao Vizcaya Argentaria SA
22 June 2020




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


Fitch Ratings (Fitch) has announced the modification of BBVA´s senior preferred debt long term rating to A- with stable outlook from A with Rating Watch Negative. This rating change has been driven by the modification of BBVA's long term Issuer Default Rating to BBB+ with stable outlook from A- with Rating Watch Negative.

Additionally, Fitch has also modified the ratings of the following BBVA products:

●    Long term senior non preferred debt: BBB+ from A-.

●    AT1 debt: BB from BB+.

●    Subordinated debt lower Tier 2: BBB- from BBB; and subordinated debt upper Tier 2: BB+ from BBB-.

●    Long term deposits rating: A- from A; and short term deposits rating: F2 from F1.

●    Legacy preferred debt: BB- from BB.

●    Short term senior preferred debt: F2 from F1.

●    Derivative counterparty rating: A-(dcr) from A(dcr).



Madrid, June 22nd 2020


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