1a44acac313edc5a04a58d.pdf



Banco Bilbao Vizcaya Argentaria, S.A. (BBVA), in compliance with the Securities Market legislation, hereby communicates the following:


RELEVANT EVENT


Standard & Poor's Ratings Services (S&P) has today upgraded BBVA's long-term rating ('Issuer Credit Rating - ICR') to BBB+ from BBB. The outlook remains stable.


At the same time, S&P has:


  • Affirmed BBVA's short-term rating at A-2.

  • Upgraded BBVA's subordinated debt rating to BBB- from BB+.

  • Upgraded BBVA's preferred stock rating to BB- from B+.


Madrid, October 6, 2015

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