Announcements
Drinks
6/9/2024 Rating announcement EN
Scope upgrades Spain’s long-term credit ratings to A and changes the Outlook to Stable
Strengthened economic sustainability and sustained fiscal consolidation drive the upgrade. Elevated unemployment, structural budget pressures related to ageing expenditures, and still-high public debt are constraints.
22/3/2024 Rating announcement EN
Scope affirms Spain’s credit ratings at A-, revises the Outlook to Positive
Enhanced economic resilience and strengthening fiscal fundamentals drive the Outlook revision. High public debt, elevated unemployment, and structural budget pressure related to ageing expenditure are constraints.
6/10/2023 Rating announcement EN
Scope affirms the Kingdom of Spain's credit ratings at A- and maintains the Stable Outlook
A large and diversified economy, favourable debt profile and euro area membership support the ratings. High public debt, elevated unemployment and structural budget pressure are constraints.
11/11/2022 Rating announcement EN
Scope affirms Spain's credit ratings at A- with Stable Outlook
A large and diversified economy, favourable debt profile and euro area membership support the ratings. High public debt, elevated structural unemployment, weak productivity gains and structural budget pressures are constraints.
16/7/2021 Rating announcement EN
Scope revises Outlook on Spain’s A- rating to Stable
The improving economic outlook, reform momentum, EU monetary and fiscal support and relative government stability drive the Outlook change. High public and external debt and weak demographics, curbing growth and fiscal consolidation, are challenges.
21/8/2020 Rating announcement EN
Scope revises the Outlook on Spain’s A- rating to Negative
Deteriorating public finances and declining growth potential drive the Outlook change. Forceful European monetary and fiscal policies, and resilient debt profile support near-term debt sustainability and the rating.