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| Prospect News home > News index > List of issuers B > Headlines for Banco Bilbao Vizcaya Argentaria, SA > News item |
DBRS lowers BBVA
DBRS said it downgraded the ratings of Banco Bilbao Vizcaya Argentaria, SA, including its issuer & senior debt rating to AA (low) from AA.
The trend remains negative.
DBRS said that it has also lowered BBVA's short-term instruments rating to R-1 (mid) from R-1 (high).
BBVA's intrinsic assessment (IA) of AA (low) remains unchanged.
Additionally, DBRS said it maintains its SA-2 support assessment for BBVA, which indicates an expectation of timely systemic support in case of need. However, with the current rating for the Spanish sovereign at AA (low), which is equal to the IA for BBVA, there is currently no uplift to the group's ratings.
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