Finance
S&P upgrades Spain's rating to 'A+' from 'A/A-1'
Published by Global Banking & Finance Review®
Posted on September 13, 2025
1 min readLast updated: January 21, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on September 13, 2025
1 min readLast updated: January 21, 2026
S&P Global raised Spain's credit rating to A+ due to strong external finances and economic resilience, with GDP growth outpacing eurozone peers.
(Reuters) - S&P Global raised Spain's long-term sovereign credit rating to "A+" from "A" on Friday, citing a private sector driven improvement in the country's external finances, supported by high savings and robust exports.
A decade of private sector deleveraging has strengthened Spain's external balance sheet, making the economy less vulnerable to sudden external financing shocks and more resilient to downturns.
"Spain's service-based economy and limited U.S. trade exposure insulate it from the immediate consequences of U.S. merchandise tariffs," the agency said in a statement.
The country's economy has steadily expanded in the aftermath of the pandemic, outpacing the sluggish growth of eurozone peers. The government expects gross domestic product to rise by 2.6% this year.
Second-quarter GDP data beat forecasts as output grew 2.8% year-on-year, stoked by investment and consumption. However, the government struggles to pass legislation in a fragmented parliament as it balances concessions to various parties across the spectrum.
The global ratings agency affirmed Spain's outlook at "stable".
(Reporting by Bageshri Banerjee and David M. Latona; Editing by Alan Barona)
S&P Global raised Spain's long-term sovereign credit rating to 'A+' from 'A' on Friday.
The upgrade was attributed to a private sector driven improvement in the country's external finances.
Spain's economy has steadily expanded post-pandemic, with a projected GDP rise of 2.6% this year.
S&P affirmed Spain's outlook at 'stable'.
Second-quarter GDP data beat forecasts with a year-on-year growth of 2.8%, driven by investment and consumption.
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