On February 11, 2014, Moody’s upgraded its long-term rating outlook of BBVA from negative to stable. Shortly after, on March 4, it announced a rating upgrade of one notch for BBVA to Baa2, changing the outlook to positive, and upgraded the short-term rating from Prime -3 to Prime -2. This upgrade by Moody’s, the first in more than seven years, was a result of the strength of BBVA’s fundamentals, as well as an improvement in the Kingdom of Spain’s sovereign rating. In addition, in the first quarter of 2014 the rating agency Scope Ratings published BBVA’s rating for the first time, giving it an A with a stable outlook. This is the first agency whose methodology takes into account the new European Resolution Regime, by which rating decisions are based on the intrinsic value of the entities rather than on potential sovereign support.
Ratings
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Long term | Short term | Outlook |
|---|---|---|---|
| Moody’s | Baa2 | P-2 | Positive |
| Fitch | BBB+ | F-2 | Stable |
| Standard & Poor’s | BBB– | A-3 | Stable |
| DBRS | A | R-1 (low) | Negative |
| Scope Ratings | A | - | Stable |
