REG - Banco Bil.Viz.Argent - S&P's Upgrades BBVA's ratings

Banco Bilbao Vizcaya Argentaria SAAnnouncement

17/12/2021 07:00

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RNS Number : 9612V  Banco Bilbao Vizcaya Argentaria SA  16 December 2021

 

 

 

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

OTHER RELEVANT INFORMATION

Today December 16th, 2021, S&P Global Ratings (S&P) has upgraded by
one notch BBVA's long-term issuer credit rating (ICR) to A from A- and
short-term ICR to A-1 from A-2. The outlook has changed to negative from
stable, mirroring now the negative outlook of Spain's Sovereign S&P's
current rating.

S&P has also taken the following actions over other BBVA's ratings:

●    Upgraded by one notch long-term senior unsecured instruments issue
rating to A from A-.

●    Upgraded by one notch short-term senior unsecured instruments issue
rating to A-1 from A-2.

●    Upgraded by one notch long-term resolution counterparty rating (RCR)
to A+ from A.

●    Affirmed short-term RCR at A-1.

●    Affirmed debt ratings on hybrid instruments.

 

 

Madrid, December 16th 2021

 

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