Banco Bilbao Vizcaya Argentaria SA Scope upgrades BBVA's senior unsecured rating (0758M)
July 25 2017 - 12:39PM
UK Regulatory
TIDMBVA
RNS Number : 0758M
Banco Bilbao Vizcaya Argentaria SA
25 July 2017
Banco Bilbao Vizcaya Argentaria, S.A. (BBVA), in compliance with
the Securities Market legislation, hereby communicates the
following:
RELEVANT INFORMATION
On July 25th, 2017 Scope Ratings (Scope) has upgraded by one
notch BBVA's rating for existing senior unsecured debt from A to
A+, with stable outlook.
This rating action follows the passage, in June 2017, of Royal
Decree Law 11/2017, which introduces the possibility for Spanish
banks to issue non-preferred senior unsecured debt TLAC/MREL
eligible and "reflects Scope's opinion that, while the credit
fundamentals of the group did not change, going forward the senior
unsecured liabilities not eligible for TLAC/MREL should benefit
from the protection of a materially more ample capital structure in
a default-like situation".
Madrid, July 25th, 2017
This information is provided by RNS
The company news service from the London Stock Exchange
END
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July 25, 2017 12:39 ET (16:39 GMT)
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