Spain’s rating

Spain, from less to more on 22 March?

Spain’s Rating, From Less To More On 22 March?

Yann Le Pallec, global head of ratings at S&P Global Rating (S&P), says that the ratings agency will upgrade Spain this month if current trends are maintained. The executive said that Spain’s current rating is A- with a positive perspective, which implies that if certain conditions are fulfilled there will be a rise in credit rating.


Santander, the first European bank that will not redeem its issue of CoCos

S&P raises Santander rating above Spain sovereign

After recently raising Spain’s sovereign ratings to ‘BBB+’ from ‘BBB’, S&P has also improved its stance on some of the country’s top banks. S&P’s upgrades comes in the same week as the Madrid local authorities said they could not renew the contracts with that agency.