Fitch rates BBK notes BBB+

Fitch Ratings said it assigned BBK BSC's $1 billion euro medium-term note program a long-term rating of BBB+ for subordinated notes, and affirmed its long-term rating of A- for senior notes under the program.

The rating for the senior notes is on a par with BBK's issuer default rating of A- and if this rating should change, then the ratings assigned to the program or any notes issued under the program may also change, the agency said.

BBK's other ratings are short-term F2, individual C and support 1. The support rating floor is A-. BBK has a stable outlook.

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