7/102 sources · 2 publishersUpdated Oct 20, 17:39 UTC
DBRS upgrades BBVA long‑term issuer rating to AA (low) with stable outlook
DBRS Morningstar raised BBVA's long‑term issuer rating from A (high) to AA (low) and changed the outlook to stable. The agency cited the bank’s strong profitability, diversified business model and cost‑control, especially its leading positions in Spain and Mexico. The upgrade also applied to BBVA’s senior preferred debt and deposit ratings. DBRS expects the bank to meet its 2025‑28 financial targets.
Why it matters
The rating upgrade may lower BBVA’s funding costs and improve its credit perception among investors, according to the agency’s assessment ().
Key facts
- 1DBRS Morningstar upgraded BBVA’s long‑term issuer rating from ‘A (high)’ to ‘AA (low)’ (). democrata.es
- 2The outlook for the rating was changed from ‘positive’ to ‘stable’ (). democrata.es
- 3The upgrade also applied to BBVA’s senior preferred debt and long‑term deposit ratings, both moving from A (high) to AA (low) (). marketscreener.com
- 4DBRS highlighted BBVA’s leading positions in Spain and Mexico, a well‑diversified business model and strong cost control (). democrata.es
- 5The agency expects BBVA to meet its key financial targets for 2025‑28, supported by loan growth and recurring income (). marketscreener.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.