(The following statement was released by the rating agency) CHICAGO, May 29 (Fitch) Fitch Ratings has upgraded the Issuer Default Rating (IDR) for BBVA Compass Bancshares, Inc. (CBSS) to ‘BBB+’ from ‘BBB’, and the Viability Rating (VR) at ‘BBB’. The Rating Outlook is Stable. This action follows Fitch’s recent rating action on CBSS’ parent company, Banco Bilbao Vizcaya Argentaria SA (BBVA)(refer to press release titled ‘Fitch Upgrades Santander and BBVA to ‘A-‘; Stable Outlook’, dated May 29
Source: Financials
