Banco Bilbao Vizcaya Argentaria SA DBRS changes subordinated debt ratings (7381H)
June 12 2017 - 2:00AM
UK Regulatory
TIDMBVA
RNS Number : 7381H
Banco Bilbao Vizcaya Argentaria SA
09 June 2017
Banco Bilbao Vizcaya Argentaria, S.A. (BBVA), in compliance with
the Securities Market legislation, hereby communicates the
following:
RELEVANT INFORMATION
Following the publication of the updated "Global Banking
Methodology" on May 24, 2017, DBRS Ratings Limited and DBRS, Inc.
(collectively, DBRS) have concluded the review of certain
subordinated debt ratings of several European banking groups
started on January 13, 2017.
As a result, DBRS has downgraded BBVA's subordinated debt[1]
rating by 1 notch, from A (low) to BBB (high), with stable
outlook.
This rating action is in line with the one taken today by DBRS
in 27 European banking groups rated by DBRS.
The rest of ratings assigned to BBVA remain unchanged.
Madrid, June 9, 2017
[1] ISINs of subordinated debt rated by DBRS and impacted by
this rating action: ES0213211131, ES0213211115 , ES0213211107,
ES0214974059, ES0214974067 and ES0214973051.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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