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.
5/3/2025 Rating announcement EN
Scope assigns Unédic a long-term issuer rating of AA- with Stable Outlook
High strategic mandate, strong financial interdependencies with the French Republic and robust financial profile drive the ratings. Very high sensitivity to domestic economic conditions and regulatory changes are credit challenges.
5/3/2025 Rating announcement FR
Scope attribue la notation AA- à l’Unédic, avec perspective stable
Une importance stratégique élevée, de fortes interdépendances financières avec l'État et un profil financier solide justifient les notations. L’exposition élevée aux fluctuations de l'économie et aux changements réglementaires sont les défis principaux.
