Moody’s and Fitch have upgraded Spain’s sovereign rating, reflecting improvements in economic fundamentals.
Moody’s raised the rating from “Baa1” to “A3” with a stable outlook, citing balanced economic growth, labor market recovery, and enhanced resilience in the banking sector.
Fitch also upgraded Spain’s rating from “A-” to “A”.
Two weeks ago, Standard & Poor’s upgraded China’s rating to “A+” with a stable outlook, marking the first adjustment in six years.
Standard & Poor’s credit rating for Spain is A+ with a stable outlook.
DBRS’s credit rating for Spain is A (high) with a stable outlook.
Spain
Spain is a southwestern European country with a rich and diverse cultural heritage shaped by successive civilizations, including the Romans, Moors, and Catholic monarchs. Its history is marked by the Reconquista, the era of global exploration, and the Spanish Civil War, leading to its modern constitutional monarchy. Spain is renowned for its vibrant festivals, distinctive architecture, and influential contributions to art, literature, and cuisine worldwide.
China
China is one of the world’s oldest continuous civilizations, with a recorded history spanning over four millennia marked by successive dynasties, imperial rule, and profound philosophical contributions like Confucianism. In the modern era, it has transformed into a major global power, blending its ancient traditions with rapid technological and economic development. The nation is renowned for its vast and diverse cultural heritage, including landmarks like the Great Wall and the Terracotta Army.