S&P and FITCH: modification of BBVA?s rating

RNS Number : 0253Q

Banco Bilbao Vizcaya Argentaria SA

12 October 2011

 

Banco Bilbao Vizcaya Argentaria, S.A. (BBVA), pursuant to the provisions of the Spanish Securities Market Act, hereby proceeds by means of the present document to notify the following:

RELEVANT EVENT 

Standard and Poor's Ratings Services has disclosed on October, 11^th 2011 the modification of BBVA´s rating, positioning counterparty credit rating at "AA-" from "AA". The negative outlook is maintained. The short-term ratings are affirmed at "A-1+".

Fitch Ratings has disclosed on October, 11^th 2011 the modification of BBVA´s rating as follows:

-    Long-term IDR and senior unsecured rating: A+ from AA-. Outlook negative from stable

-    Subordinated debt: A from A+

-    Preferred stock: BBB+ from A-

-    Commercial Paper: F1 from F1+

Madrid, 12^th October 2011

 

END

 

 

MSCLIFFDIALFLIL