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  • Fitch Affirms Spain at 'A-'; Outlook Stable

    From fitchratings.com

    Fitch Ratings has affirmed Spain's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'A-' with a Stable Outlook. A full list of rating actions is at the end of this rating action commentary. KEY RATING DRIVERS Spain's 'A-' rating is supported by a high value-added and diversified economy, extremely low average yield at issuance of 0.65%, negligible share of foreign-currency debt, and governance indicators in line with the 'A' median. Spain's strong economic recovery has been accompanied by a reduction in macroeconomic imbalances, including sustained current account surpluses, ongoing private sector deleveraging and ... (full story)