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Banco Bilbao Vizcaya Argentaria S.A.

Capital/Financing Update Jul 4, 2019

1796_rns_2019-07-04_a2d60741-aa0b-4fd5-8fc7-dc095bd19faa.html

Capital/Financing Update

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RNS Number : 5718E

Banco Bilbao Vizcaya Argentaria SA

04 July 2019

Banco Bilbao Vizcaya Argentaria, S.A. (BBVA), in compliance with the Securities Market legislation, hereby communicates the following:

RELEVANT INFORMATION

Fitch Ratings (Fitch) has upgraded BBVA's senior preferred debt long term rating to A from A-. In the same rating action, the agency has affirmed BBVA's long and short term Issuer Default Rating at A- with negative outlook and F2, respectively.

Fitch has also taken the following actions over other BBVA's ratings:

●    Upgraded senior preferred debt short term rating and commercial paper to F1 from F2.

●    Upgraded Derivative Counterparty Rating to A(dcr) from A-(dcr).

●    Assigned long-term deposit rating at A.

●    Assigned short-term deposit rating at F1.

Madrid, July 4th 2019

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

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MSCUSANRKBABRAR

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