[6-K] BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Current Report (Foreign Issuer)
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. (BBVA) disclosed short-form rating updates: one rating moved to A- from BBB+ with the outlook changed to stable from Rating Watch Positive, and a separate rating of BBB- had its outlook changed to stable from Rating Watch Positive. The filing presents these changes as updates to credit assessments and outlook status; no numeric financial results, transactions, or forward guidance are provided in the text. The disclosure is concise and limited to the rating actions and outlook revisions.
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. (BBVA) ha comunicato aggiornamenti di rating in forma sintetica: un rating è passato da BBB+ a A-, con l'outlook modificato da Rating Watch Positive a stabile, e un rating separato di BBB- ha visto l'outlook cambiare a stabile da Rating Watch Positive. Il comunicato presenta queste modifiche come aggiornamenti delle valutazioni di credito e dello stato dell'outlook; nel testo non sono forniti risultati finanziari numerici, transazioni né guidance futura. La disclosure è concisa e limitata alle azioni di rating e alle revisioni dell'outlook.
Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) divulgó actualizaciones de calificación en formato breve: una calificación pasó de BBB+ a A- con la perspectiva cambiada de Rating Watch Positive a estable, y una calificación separada de BBB- tuvo su perspectiva cambiada a estable desde Rating Watch Positive. El comunicado presenta estos cambios como actualizaciones de las evaluaciones de crédito y del estado de la perspectiva; no se proporcionan resultados financieros numéricos, transacciones ni orientación futura en el texto. La divulgación es concisa y se limita a las acciones de calificación y a las revisiones de la perspectiva.
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. (BBVA)가 간략 형식의 등급 업데이트를 공개했습니다: 한 등급이 BBB+에서 A-로 올랐고, 전망은 Rating Watch Positive에서 안정적으로 변경되었으며, BBB- 등급의 별도 전망도 Rating Watch Positive에서 안정적으로 변경되었습니다. 공시는 이러한 변경을 신용 평가 및 전망 상태의 업데이트로 제시하며, 텍스트에는 숫자 재무 결과, 거래 또는 향후 가이던스가 제공되지 않습니다. 공시는 간결하며 등급 조치 및 전망 수정에 한정됩니다.
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. (BBVA) a publié des mises à jour de notation sous forme abrégée : une note est passée de BBB+ à A-, avec l’évolution de la perspective de Rating Watch Positive à stable, et une autre note de BBB- a vu sa perspective passer à stable depuis Rating Watch Positive. L’annonce présente ces changements comme des mises à jour des évaluations de crédit et de l’état de la perspective ; aucun résultat financier numérique, transaction ou orientation future n’est fourni dans le texte. La divulgation est concise et limitée aux actions de notation et aux révisions de la perspective.
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. (BBVA) hat kurzzusammengefasste Rating-Updates veröffentlicht: Eine Ratingnote wurde von BBB+ auf A- geändert, der Ausblick wurde von Rating Watch Positive auf stabil geändert, und eine separate Rating von BBB- hat seinen Ausblick von Rating Watch Positive auf stabil geändert. Die Mitteilung stellt diese Änderungen als Aktualisierungen der Kreditbewertungen und des Ausblicksstatus dar; im Text werden keine numerischen Finanzergebnisse, Transaktionen oder Forward Guidance bereitgestellt. Die Offenlegung ist kurz und beschränkt sich auf Rating-Aktionen und Überarbeitungen des Ausblicks.
بنك بيلباو فيزكاي أرجنتاريا، ش.م.م (BBVA) كشف عن تحديثات موجزة لتقييماته: تم رفع تقييم واحد من BBB+ إلى A- مع تغيّر النظرة من Rating Watch Positive إلى ثابتة، كما تغيّر آفاق تقييم منفصل من BBB- إلى ثابتة من Rating Watch Positive. يعرض البيان هذه التغييرات كتحديثات لتقييمات الائتمان وحالة النظرة، ولا تُقدَّم في النص نتائج مالية رقمية أو معاملات أو إرشادات مستقبلية. الكشف موجز ومقتصر على إجراءات التصنيف وتعديلات النظرة.
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. (BBVA) 披露了简要的评级更新：有一项评级从 BBB+ 上调至 A-，前景从 Rating Watch Positive 变更为 稳定；另一项为 BBB- 的评级，其前景从 Rating Watch Positive 变为 稳定。披露将这些变动描述为对信用评估和前景状态的更新；文本中未提供数值型财务结果、交易或前瞻指引。披露简洁，仅限于评级行动和前景修订。
- Outlooks stabilized to stable, reducing immediate uncertainty
- Ratings explicitly disclosed (A- and BBB-), improving transparency
- Previous Rating Watch Positive designations removed, which may signal suspended near-term improvement expectations
- No agency rationale or financial impacts provided, leaving investors without context
Insights
Two credit outlooks were moved to stable from Rating Watch Positive.
The first action shows a rating referenced as A- replacing BBB+, with the outlook shifting to stable from Rating Watch Positive. The second notes a BBB- rating whose outlook was likewise changed to stable from Rating Watch Positive. These are changes in external credit assessments rather than disclosures of financial metrics.
Such outlook stabilizations can reflect reassessments of near-term credit momentum; monitor any follow-up filings or rating-agency reports for rationale and for any potential impacts on funding costs or covenants over the next
Announcement is narrowly focused on rating symbols and outlook shifts, with no operational details.
The filing contains only the rating changes and outlook revisions and does not include explanations, affected debt instruments, or quantified impacts on liabilities or capital. Because no transactions or financial results are disclosed, the immediate market impact is likely to depend on external commentary from the rating agencies.
Stakeholders should look for subsequent agency reports or additional company disclosures within the next
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. (BBVA) ha comunicato aggiornamenti di rating in forma sintetica: un rating è passato da BBB+ a A-, con l'outlook modificato da Rating Watch Positive a stabile, e un rating separato di BBB- ha visto l'outlook cambiare a stabile da Rating Watch Positive. Il comunicato presenta queste modifiche come aggiornamenti delle valutazioni di credito e dello stato dell'outlook; nel testo non sono forniti risultati finanziari numerici, transazioni né guidance futura. La disclosure è concisa e limitata alle azioni di rating e alle revisioni dell'outlook.
Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) divulgó actualizaciones de calificación en formato breve: una calificación pasó de BBB+ a A- con la perspectiva cambiada de Rating Watch Positive a estable, y una calificación separada de BBB- tuvo su perspectiva cambiada a estable desde Rating Watch Positive. El comunicado presenta estos cambios como actualizaciones de las evaluaciones de crédito y del estado de la perspectiva; no se proporcionan resultados financieros numéricos, transacciones ni orientación futura en el texto. La divulgación es concisa y se limita a las acciones de calificación y a las revisiones de la perspectiva.
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. (BBVA)가 간략 형식의 등급 업데이트를 공개했습니다: 한 등급이 BBB+에서 A-로 올랐고, 전망은 Rating Watch Positive에서 안정적으로 변경되었으며, BBB- 등급의 별도 전망도 Rating Watch Positive에서 안정적으로 변경되었습니다. 공시는 이러한 변경을 신용 평가 및 전망 상태의 업데이트로 제시하며, 텍스트에는 숫자 재무 결과, 거래 또는 향후 가이던스가 제공되지 않습니다. 공시는 간결하며 등급 조치 및 전망 수정에 한정됩니다.
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. (BBVA) a publié des mises à jour de notation sous forme abrégée : une note est passée de BBB+ à A-, avec l’évolution de la perspective de Rating Watch Positive à stable, et une autre note de BBB- a vu sa perspective passer à stable depuis Rating Watch Positive. L’annonce présente ces changements comme des mises à jour des évaluations de crédit et de l’état de la perspective ; aucun résultat financier numérique, transaction ou orientation future n’est fourni dans le texte. La divulgation est concise et limitée aux actions de notation et aux révisions de la perspective.
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. (BBVA) hat kurzzusammengefasste Rating-Updates veröffentlicht: Eine Ratingnote wurde von BBB+ auf A- geändert, der Ausblick wurde von Rating Watch Positive auf stabil geändert, und eine separate Rating von BBB- hat seinen Ausblick von Rating Watch Positive auf stabil geändert. Die Mitteilung stellt diese Änderungen als Aktualisierungen der Kreditbewertungen und des Ausblicksstatus dar; im Text werden keine numerischen Finanzergebnisse, Transaktionen oder Forward Guidance bereitgestellt. Die Offenlegung ist kurz und beschränkt sich auf Rating-Aktionen und Überarbeitungen des Ausblicks.
UNITED STATES SECURITIES AND EXCHANGE
COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of October, 2025
Commission file number: 1-10110
BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
(Exact name of Registrant as specified in its charter)
BANK BILBAO VIZCAYA ARGENTARIA, S.A.
(Translation of Registrant’s name into English)
Calle Azul 4,
28050 Madrid
Spain
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F X Form 40-F
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Yes No X
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
Yes No X
Banco Bilbao Vizcaya Argentaria, S.A. (BBVA), in compliance with the Securities Market legislation, hereby communicates the following:
OTHER RELEVANT INFORMATION
Today October 7th, 2025, Fitch Ratings (Fitch) has upgraded by one notch BBVA’s long-term senior preferred debt rating to A from A-. The outlook changed to stable from Rating Watch Positive.
Fitch has also taken the following actions over other BBVA’s ratings:
| ● | Upgraded by one notch long-term issuer default rating to A- from BBB+ and outlook changed to stable from Rating Watch Positive. |
| ● | Upgraded by one notch short-term issuer default rating to F1 from F2 and outlook changed to stable from Rating Watch Positive. |
| ● | Upgraded by one notch Derivative Counterparty Rating to A(dcr) from A-(dcr) and outlook changed to stable from Rating Watch Positive. |
| ● | Upgraded by one notch long-term deposits rating to A from A- and outlook changed to stable from Rating Watch Positive. |
| ● | Upgraded by one notch short-term deposits rating to F1 from F2 and outlook changed to stable from Rating Watch Positive. |
| ● | Upgraded by one notch short-term senior preferred debt rating to F1 from F2 and outlook changed to stable from Rating Watch Positive. |
| ● | Upgraded by one notch long-term senior non-preferred debt rating to A- from BBB+ and outlook changed to stable from Rating Watch Positive. |
| ● | Upgraded by one notch long-term subordinated lower Tier 2 debt rating to BBB from BBB- and outlook changed to stable from Rating Watch Positive. |
| ● | Upgraded by one notch long-term subordinated upper Tier 2 debt rating to BBB- from BB+ and outlook changed to stable from Rating Watch Positive. |
| ● | Upgraded by one notch long-term AT1 debt rating to BB+ from BB and outlook changed to stable from Rating Watch Positive. |
Madrid, October 7th 2025
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Banco Bilbao Vizcaya Argentaria, S.A. |
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| Date: October 7, 2025 |
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| By: /s/ Patricia Bueno Olalla |
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Name: Patricia Bueno Olalla |
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| Title: Head of Investor Relations |
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FAQ
What rating changes did BBVA report in the 6-K?
Does the 6-K explain why the outlooks were changed for BBVA?
Are there any financial results or transactions linked to the ratings in this filing?
Should BBVA investors expect immediate funding cost changes from these updates?
Where can I find the rating agencies' reasons for these outlook changes?
