BBVA senior debt

Fitch Lowers BBVA’s Long-Term Senior Debt Rating By One Notch To A –

The main reasons for the downgrade are the economic deterioration in the regions where the bank is present, especially Mexico and Spain. However, it also flags that even after losing a rating notch, BBVA has sufficient financial cushion, geographical diversification and a good competitive position in its reference markets to avoid being affected by new downward revisions in the short term.