Banco Bilbao Vizcaya Argentaria, S.A. (BBVA), in compliance with the Securities Market legislation, hereby communicates the following:
RELEVANT EVENT
Standard & Poor's Ratings Services (S&P) has today upgraded BBVA's long-term rating ("Issuer Credit Rating - ICR") to BBB+ from BBB. The outlook remains stable.
At the same time, S&P has:
· Affirmed BBVA's short-term rating at A-2.
· Upgraded BBVA's subordinated debt rating to BBB- from BB+.
· Upgraded BBVA's preferred stock rating to BB- from B+.
Madrid, October 6, 2015
