Research Update: Spain's BBVA Downgraded To 'A/A-1' Following Sovereign Action And Revised BICRA; Outlook Negative - S&P Global Ratings’ Credit Research

Research Update: Spain's BBVA Downgraded To 'A/A-1' Following Sovereign Action And Revised BICRA; Outlook Negative

Research Update: Spain's BBVA Downgraded To 'A/A-1' Following Sovereign Action And Revised BICRA; Outlook Negative - S&P Global Ratings’ Credit Research
Research Update: Spain's BBVA Downgraded To 'A/A-1' Following Sovereign Action And Revised BICRA; Outlook Negative
Published Feb 13, 2012
2295 words — Published Feb 13, 2012
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

On Jan. 13, 2012, Standard&Poor's lowered its long- and short-term sovereign credit ratings on the Kingdom of Spain to 'A/A-1' from 'AA-/A-1+', assigned a negative outlook, and removed the ratings from CreditWatch negative. Subsequently, we revised our Banking Industry Country Risk Assessment on Spain to group '5' from group '4', and our industry risk score to '5' from '3'. We are lowering our long-term ratings on Spain-based Banco Bilbao Vizcaya Argentaria S.A. (BBVA) to 'A' from 'A+' and removing them from CreditWatch negative. The negative outlook on BBVA mirrors that on Spain. In addition, it reflects our view that BBVA may underperform our financial expectations in the still fragile and uncertain global economic and financial environment, particularly in

  
Brief Excerpt:

RESEARCH Research Update: Spain's BBVA Downgraded To 'A/A-1' Following Sovereign Action And Revised BICRA; Outlook Negative Publication date: 13-Feb-2012 Primary Credit Analyst: Renato Panichi, Milan (39) 02 72111-215; renato_panichi@standardandpoors.co...

  
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:
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: Spain's BBVA Downgraded To 'A/A-1' Following Sovereign Action And Revised BICRA; Outlook Negative" Feb 13, 2012. Alacra Store. May 08, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Spain-s-BBVA-Downgraded-To-A-A-1-Following-Sovereign-Action-And-Revised-BICRA-Outlook-Negative-937140>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Spain's BBVA Downgraded To 'A/A-1' Following Sovereign Action And Revised BICRA; Outlook Negative Feb 13, 2012. New York, NY: Alacra Store. Retrieved May 08, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Spain-s-BBVA-Downgraded-To-A-A-1-Following-Sovereign-Action-And-Revised-BICRA-Outlook-Negative-937140>
  
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