Fitch Revises 11 Spanish Banks' Support Rating Floors to 'No Floor'; IDRs Unchanged

May 19, 2015 3:54 PM

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(The following statement was released by the rating agency) BARCELONA, May 19 (Fitch) Fitch Ratings has downgraded 11 Spanish banks' Support Ratings (SRs) to '5' and revised lower their Support Rating Floors to 'No Floor'.

The affected banks are Banco Santander, S.A. (Santander), Banco Bilbao Vizcaya Argentaria, S.A. (BBVA), CaixaBank, S.A., Unicaja Banco, S.A., Kutxabank, S.A., Ibercaja Banco, S.A., Abanca Corporacion Bancaria, S.A (Abanca), Banco Cooperativo Espanol S.A. (Cooperativo), Caja Laboral Popular Cooperati...

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