Fitch affirms Spain at 'A-'; outlook stable

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.

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