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Ratings

Throughout 2011 and early 2012, the ratings agencies have carried out several actions on the rating of BBVA related, due mostly to previous downgrades in the sovereign debt rating and, in a single case, to Standard&Poor’s new methodology. However, the agencies have emphasized the strength and resilience of BBVA’s fundamentals. BBVA’s ratings as of February 2012 are presented in the ratings table.

Ratings

Long term Short term Financial Strength Outlook
Moody’s Aa3 P-1 B–    Negative
Fitch A F-1 A      Negative
Standard&Poor’s A A-1 –      Negative
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