S&P has upgraded BBVAs rating

Summary by AI ^BETAClose X

On September 16, 2025, S&P Global Ratings upgraded Banco Bilbao Vizcaya Argentaria's (BBVA) long-term issuer credit rating (ICR) by one notch to A+ from A, with a stable outlook. The long-term resolution counterparty rating (RCR) was also upgraded by one notch to AA- from A+, and the short-term RCR increased to A-1+ from A-1. S&P affirmed the short-term ICR rating at A-1. Furthermore, the long-term senior unsecured debt issue rating was upgraded by one notch to A+ from A, the long-term senior subordinated debt issue rating rose to A- from BBB+, and the long-term subordinated debt issue rating increased to BBB+ from BBB.

Disclaimer*

Banco Bilbao Vizcaya Argentaria SA

16 September 2025

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

OTHER RELEVANT INFORMATION

Today September 16th, 2025, S&P Global Ratings (S&P) has upgraded by one notch BBVA's long-term issuer credit rating (ICR) to A+ from A. The outlook remains stable.

S&P has also taken the following actions over other BBVA's ratings:

● Upgraded by one notch long-term resolution counterparty rating (RCR) to AA- from A+.

● Upgraded by one notch short-term RCR to A-1+ from A-1.

● Affirmed short-term ICR rating at A-1.

● Upgraded by one notch long-term senior unsecured debt issue rating to A+ from A.

● Upgraded by one notch long-term senior subordinated debt issue rating to A- from BBB+.

● Upgraded by one notch long-term subordinated debt issue rating to BBB+ from BBB.

Madrid, September 16th 2025

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