DBRS: Banco Bilbao Vizcaya view to positive

DBRS said it confirmed Banco Bilbao Vizcaya Argentaria, SA’s issuer and senior debt rating at A, subordinated debt rating at A (low) and short-term instruments rating at R-1 (low).

The trend was changed to positive from stable.

The bank’s intrinsic assessment was maintained at A.

The positive trend primarily reflects consistent improving fundamentals, including core profitability and asset quality in Spain, the group’s core market, DBRS said.

The positive trend also considers the group’s franchise strength in Spain and the ongoing economic recovery in Spain, the agency said.

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