The credit rating agencies Moody’s and Fitch have also improved Spain’s sovereign rating, following S&P’s move two weeks ago to raise it to ‘A+’ with a stable outlook—after six years without changes.
Specifically, Moody’s raised Spain’s rating this Friday from ‘Baa1’ to ‘A3’ with a stable outlook, thanks to the country’s “economic strength” improving due to more “balanced” growth, the recovery in the labor market, and the strengthening of the banking sector, “which increase the economy’s resilience.” In the case of the Fitch agency, the rating also improves from ‘A-‘ to ‘A’.
The impact of migration, investment activity, and “protection” against the consequences of US tariffs are reportedly behind these rating upgrades.
National and international economic organizations have recently revised upwards their growth estimates for Spain’s Gross Domestic Product (GDP), projecting rates between 2.6% and 2.7% for this year, 2025.
