Announcements
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1/8/2025 Rating announcement EN
Scope affirms Madrid’s A rating with a Stable Outlook
Solid budgetary metrics, deep capital market access, ample liquidity and a resilient, high-income economic base support the rating. Elevated but declining debt levels and structurally rigid spending remain constraints.

7/3/2025 Rating announcement EN
Scope affirms Madrid’s A rating with a Stable Outlook
Robust budgetary performance, strong access to capital markets, solid liquidity buffer, a favourable debt profile, and a wealthy, diversified economy support the rating. A high but declining debt burden and limited expenditure flexibility are constraints.
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