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Research Update: Spain-Based BBVA 'BBB+/A-2' Ratings Affirmed Following Spanish Banking Sector Review; Outlook Negative

Published May 25, 2012

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About This Report

Abstract:

Standard&Poor's has reviewed the wider implications for the Spanish banking sector following its recent two-notch downgrade of the Kingdom of Spain (BBB+/Negative/A-2). As a result, we have maintained our Banking Industry Country Risk Assessment on Spain at group '5' and revised our economic risk score to '6' from '5'. We are affirming our 'BBB+/A-2' long- and short-term ratings on Spain-based bank Banco Bilbao Vizcaya Argentaria S.A. (BBVA). We are also affirming our issue ratings on BBVA's nondeferrable subordinated debt at 'BBB' and on its Tier 1 hybrid notes at 'BB+' and removing them from CreditWatch where they were placed on April 30, 2012. The negative outlook on BBVA mirrors that on Spain. In addition, it reflects our view

Report Type:

Research Update

Ticker

BBVA@SM

Issuer

Banco Bilbao Vizcaya Argentaria S.A.

GICS

Diversified Banks (40101010)

Sector

Global Issuers, Public Finance, Structured Finance

Country

Spain

Region

United States

Format:

HTML

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Research Update: Spain-Based BBVA 'BBB+/A-2' Ratings Affirmed Following Spanish Banking Sector Review; Outlook Negative" May 25, 2012. Alacra Store. May 08, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Spain-Based-BBVA-BBB-A-2-Ratings-Affirmed-Following-Spanish-Banking-Sector-Review-Outlook-Negative-969870>

APA:	S&P Global Ratings’ Credit Research. (). Research Update: Spain-Based BBVA 'BBB+/A-2' Ratings Affirmed Following Spanish Banking Sector Review; Outlook Negative May 25, 2012. New York, NY: Alacra Store. Retrieved May 08, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Spain-Based-BBVA-BBB-A-2-Ratings-Affirmed-Following-Spanish-Banking-Sector-Review-Outlook-Negative-969870>

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