In the context of Scope Ratings’ strategy of focussing on the needs of institutional investors, Scope will offer its unsolicited bank and covered bond credit ratings on a subscription basis only via its credit intelligence platform.

Scope Ratings has today affirmed its long- and short-term ratings on BBVA SA. At the same time, it has assigned a BB+ rating to BBVA’s latest two AT1 issues.

This is BBVA’s first issuance of non-preferred senior (NPS) debt; the Spanish bank’s Issuer Rating and the rating of its senior unsecured debt not intended for MREL are A+ with Stable Outlook.