DBRS: Banco Bilbao unchanged

DBRS Inc. said the ratings on Banco Bilbao Vizcaya Argentaria, SA remain unchanged after the group's fourth quarter of 2010 results were announced.

The agency said it rates the group's issuer and senior debt at AA with a stable trend.

The bank continues to benefit from its internationally diversified franchise, a high level of efficiency and its customer-centric business model, but its margins remain under pressure and its provisioning remains elevated, DBRS said.

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