Powered by

Fitch upgrades Spanish bank Bankia, withdraws ratings of parent

Feb 01, 2019 - SNL European Financials Daily

Fitch Ratings on Jan. 30 upgraded Bankia SA's long-term issuer default rating to BBB from BBB-, with a stable outlook, and raised its viability rating to "bbb" from "bbb-."

The bank's short-term issuer default rating was affirmed at F3. The rating agency also upgraded the bank's long-term senior preferred debt and debt program to BBB from BBB- and the long-term senior non-preferred debt program to BBB from BBB-.

Fitch also upgraded the long-term issuer default ratings of the bank's p...