Credit Rating Report

Banco Bilbao Vizcaya Argentaria S.A. Covered Bonds (Cédulas Hipotecarias - Mortgages): Surveillance Report

Covered Bonds

Summary

On 7 February 2025 ,DBRS Ratings GmbH (Morningstar DBRS) confirmed its AAA credit ratings on the outstanding Cédulas Hipotecarias (CH, Spanish mortgage covered bonds) issued under the Banco Bilbao Vizcaya Argentaria (BBVA) S.A. Covered Bonds programme (BBVA CH or the Programme). This rating action follows the completion of a full review of the credit ratings.

Ratings

  • US = Lead Analyst based in USA
  • CA = Lead Analyst based in Canada
  • EU = Lead Analyst based in EU
  • UK = Lead Analyst based in UK
  • E = EU endorsed
  • U = UK endorsed
  • Unsolicited Participating With Access
  • Unsolicited Participating Without Access
  • Unsolicited Non-participating

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