General Announcement::DBRS has assigned BBVA an Issuer Rating

Issuer & Securities

Issuer/ Manager
BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Securities
BANCO BILBAO US$1.5B NCCPS - XS0926832907 - 2UUB
BANCO BILBAO EUR1.5B PER SEC - XS1033661866 - 2Y9B
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
08-Mar-2017 19:41:03
Status
New
Announcement Sub Title
DBRS has assigned BBVA an Issuer Rating
Announcement Reference
SG170308OTHRUKQX
Submitted By (Co./ Ind. Name)
Juan Quijano
Designation
Authorized representative
Description (Please provide a detailed description of the event in the box below)
On March 7, 2017 DBRS Ratings Limited and DBRS Inc (collectively DBRS) have assigned BBVA a new rating, called Issuer Rating, of A with stable trend.
This action follows DBRS decision to assign an Issuer Rating to several European entities where they had not been assigned previously.
The Issuer Rating is assigned based on a bank s fundamentals that are reflected in its Intrinsic Assessment and are typically at the same level as the Senior Debt Rating of the bank and also carry the same trend.
Therefore, after this action, the former BBVA s Issuer & Senior Debt Rating (A, stable trend) has been broken down into two individual ratings:
BBVA Issuer Rating (A, stable trend).
BBVA Senior Debt Rating (A, stable trend).

Attachments

20170308 HR DBRS.pdf
Total size =29K