Fitch rates BNP Paribas notes BBB-

Fitch Ratings said it assigned BNP Paribas SA's additional tier 1 notes a BBB- long-term rating. The notes are dollar-denominated resettable fixed-rate AT1 notes with a 5.125% common equity tier 1 ratio write-down trigger.

The rating of these AT1 notes is five notches below BNP Paribas' a+ viability rating and is in line with that of other AT1 instruments issued by the bank, which rank pari passu with these notes.

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