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SEC filingFitch Ratings upgraded BBVA's long-term issuer default rating to A from A- and deposit rating to A+ from A, with stable outlook.
On May 12, 2026, Fitch Ratings upgraded BBVA's long-term issuer default rating by one notch to A from A- and its long-term deposit rating to A+ from A, with a stable outlook. The upgrade was driven by Fitch's revised Bank Rating Criteria published on May 8, 2026, which likely reassessed BBVA's risk profile and financial strength. This positive rating action enhances BBVA's standing in debt markets, potentially lowering its borrowing costs and signaling strong credit fundamentals to investors. The stable outlook suggests that further upgrades are not anticipated in the near term unless there are material improvements in BBVA's financial condition or operating environment.