Banco Bilbao Vizcaya Argentaria, S.A./Non-preferred Senior Unsecured
Banco Bilbao Vizcaya Argentaria, S.A.
Action Validity Date
Creditreform Rating AG has revised its rating methodology for the rating of banks (Bank Ratings). Henceforth, only the revised version of the rating methodology ("Version 3.0") will be applied with the end of the consultation process. In addition, Creditreform Rating AG introduced the new sub-methodology Institutional Protection Scheme Banks. Hence, all current ratings of bank capital and unsecured bank instruments will be reviewed as part of our current monitoring and receive therefore the rating supplement "watch". Our revised rating methodologies can be found at www.creditreform-rating.de.
Creditreform Rating has lowered the rating on Banco Bilbao Vizcaya Argentaria S.A. (Group) to BBB+ from A-. In addition, Creditreform Rating has revised its outlook from watch negative to stable. Moreover, Creditreform Rating has also lowered the rating of Tier 2 Capital to BB+ from BBB-, the rating of Non-Preferred Senior Unsecured Debt to BBB from BBB+ and the rating of Preferred Senior Unsecured Debt to BBB+ from A-. By contrast, the rating of Additional Tier 1 Capital was affirmed at BB. For more details regarding the rating, we refer to our rating report on our homepage.
Creditreform Rating has set the rating of all valid bank ratings and bank issues to watch negative due to the currently not assessable impact of the Corona Crisis. Not affected by this rating action are government related banks. We refer to the free available Monitoring Report for a more detailed explanation.
Creditreform Rating has affirmed the rating of Banco Bilbao Vizcaya Argentaria, S.A. (Group) at A-. The outlook is stable. In addition, Creditreform Rating has affirmed the rating of Tier 2 capital at BBB- and the rating of Preferred Senior Unsecured Debt (after reclassification from Senior Unsecured Debt) at A-. However, Creditreform Rating lowered the rating of Additional Tier 1 from BB+ to BB. Moreover, the rating of Non-Preferred Senior Unsecured debt was set to BBB+.