Rating Report

Banco Bilbao Vizcaya Argentaria S.A. Covered Bonds (Cédulas Hipotecarias - Mortgages): Surveillance Report

Covered Bonds

Summary

DBRS Ratings GmbH (DBRS Morningstar) confirmed its AAA ratings on the outstanding Spanish mortgage covered bonds (Cédulas Hipotecarias) issued under the Banco Bilbao Vizcaya Argentaria S.A. (BBVA) Covered Bonds programme. This rating action follows the completion of a full review of the ratings.

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