Banco Bilbao Vizcaya Argentaria, S.A. (BBVA), in compliance with the Securities Market legislation, hereby communicates the following:
RELEVANT EVENT
Following the implementation of DBRS Rating European Covered Bonds methodology published on 17th December, 2014, DBRS Rating Limited (DBRS) has upgraded by one notch BBVA's Mortgage Covered Bonds rating, from A (High) to AA (low).
The rest of ratings and outlooks assigned by DBRS to BBVA remain unchanged.
Madrid, December 18, 2014
