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DBRS assigns BBVA notes A
DBRS said it assigned Banco Bilbao Vizcaya Argentaria SA’s senior non-preferred debt an A rating. This debt is included in the bank’s €40 billion global medium-term note program dated July 20.
“In line with the bank obligations framework set out in DBRS Morningstar’s ‘Global Methodology for Rating Banks and Banking Organizations’ (June 2023), senior non-preferred debt issued under the program will be rated one notch below the bank’s long-term issuer rating and intrinsic assessment (IA) of A (high),” DBRS said in a press release.
The trend is stable.
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