Standard & Poor's Ratings Services on April 5 upgradedto BB+ from BB BankiaSA's long-term counterparty credit rating and to BB- from B+ parentBFA Sociedad Tenedora de AccionesSAU's long-term counterparty credit rating.
The outlook remains positive.
Bankia's stand-alone credit profile was raised to"bb+" from "bb".
The rating agency attributed the upgrades to the enhancementof Bankia's funding and liquidity position.The rating agency also affirmed the short-term ratings of both entities at B.
S&P Ratings andGlobal Market Intelligence are owned by McGraw Hill Financial Inc.