TEXT-Fitch rates BBVA's CP programmes at 'F2'
Jan 9 - Fitch Ratings has assigned BBVA Senior Finance, S.A. Unipersonal's EUR10bn and BBVA U.S. Senior, S.A. Unipersonal's USD10bn commercial paper programmes a Short-term rating of 'F2'. The notes issued under these programmes are guaranteed by Banco Bilbao Vizcaya Argentaria, S.A. (BBVA). Fitch notes that the ratings are assigned to the programmes and not to the notes issued under these programmes. There is no assurance that notes issued under a specific programme will be assigned a rating equal to that assigned to the programme. The notes issued under these programmes will rank pari passu with the claims of BBVA's other senior unsecured creditors . BBVA has a Long-term Issuer Default Rating (IDR) of 'BBB+' with a Negative Outlook, a Short-term IDR of 'F2' and a Viability Rating of 'bbb+'. The ratings of the programmes are sensitive to a change in the ratings of BBVA. BBVA is the Spanish parent of an internationally diversified banking group with operations centered in Spain, Mexico and other South American countries, along with the US, Turkey and Asia. Additional information is available on www.fitchratings.com. The ratings above were solicited by, or on behalf of, the issuer, and therefore, Fitch has been compensated for the provision of the ratings. Applicable criteria 'Global Financial Institutions Rating Criteria' dated 15 August 2012, is available on www.fitchratings.com. Applicable Criteria and Related Research: Global Financial Institutions Rating Criteria
- Israel pummels Gaza; Kerry steps up diplomatic push |
- With sales sputtering, Apple's iPad looks to IBM alliance
- Ukraine war crimes trials a step closer after Red Cross assessment
- Five held in China food scandal probe, including head of Shanghai Husi Food
- Rebels likely downed Malaysian jet 'by mistake': U.S. officials