In the fourth quarter of 2013, the rating agencies Moody’s, Standard & Poor’s and Fitch improved the outlook on the Kingdom of Spain from negative to stable. This has, also, meant an improvement in the outlook of the Group. In the case of Moody’s, it took place in February 2014 and in March, 4, the rating agency announced a 1 notch upgrade in BBVA’s rating to Baa2, and the outlook changed to positive. Consequently, the ratings of BBVA have been as follow:
Ratings
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Long term | Short term | Financial Strength | Outlook |
|---|---|---|---|---|
| Moody´s | Baa2 | P-2 | C- | Positive |
| Fitch | BBB+ | F-2 | bbb+ | Stable |
| Standard & Poor´s | BBB- | A-3 | - | Stable |
| DBRS | A | R-1 (low) | - | Negative |
