Economics
Spain's Rating Lifted by S&P With Prospect of Further Upgrade
- S&P cites expectations for growth, shrinking budget deficit
- Credit score lifted one level to A-, highest rating since 2012
How Do Spain's Separatists Move Forward?
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Spain’s credit rating was raised one level to A- by S&P Global Ratings, which cited expectations that economic growth will outpace the euro area and that the government’s budget deficit will shrink.
“We raised our ratings on Spain in view of the country’s continuously strong economic performance, accompanied by a solid current account surplus and ongoing budgetary consolidation,” S&P said in a statement Friday announcing the shift to its seventh-highest ranking.