Fitch affirms Spain at 'A-'; outlook stable

Eren Sengezer FXStreet

Fitch Ratings recently announced that it kept Spain's note unchanged at 'A-' and added that the outlook was stable.

Key highlights from the report (via Reuters)

Spain's rating supported by high value-added and diversified economy, extremely low average yield and negligible share of foreign currency debt.
Does not expect a marked change in economic or fiscal policy under the new government.
Does not yet see progress in developing policies that could form basis of mutually acceptable agreement between Spain's central administration, Catalonia regional government.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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