FTSE 100 today: Index gains as inflation holds steady, GSK to invest $30 bln in US
Investing.com -- S&P Global Ratings raised Spain’s unsolicited long-term foreign and local currency sovereign credit ratings to ’A+’ from ’A’ on Friday, while affirming its ’A-1’ short-term ratings. The outlook is stable.
The upgrade reflects Spain’s improved external balance sheet following a decade of private sector deleveraging, which has reduced the economy’s vulnerability to sudden changes in external financing conditions and enhanced its resilience to economic shocks.
S&P projects Spain’s economic growth will reach 2.6% in 2025, which is three times the eurozone average. This robust growth is primarily driven by immigration, particularly from Latin America, strong investment activity, and the positive effects of past structural reforms, all of which are contributing to strong employment growth and domestic demand.
The rating agency also noted that Spain’s service-based economy and limited exposure to U.S. trade provide insulation from the immediate impacts of U.S. merchandise tariffs.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.