Bankinter | Standard & Poor’s revises Italy’s rating upwards to BBB+ from BBB, stable outlook. The agency highlights the improvement in public finances and estimates a progressive reduction of the deficit in the coming years. Specifically, it anticipates that it will stand at 3.4% this year (compared to 7.2% in 2023) and that it will fall below 3.0% in 2027. It also anticipates a gradual improvement in economic growth. It expects GDP to be up 0.6% this year and 1.0%i n 2026.
On the other hand, Fitch maintains Spain’s rating at A-, with a positive outlook. It alludes to the good progress of the economy, the improvement of the labour market and the low levels of indebtedness of the private sector. The agency estimates GDP growth of 2.5% this year and 1.9% in 2026, driven by domestic demand. Among the main weaknesses of the economy, it continues to point to high public debt. It anticipates a debt-to-GDP ratio of 101.8% at the end of this year.
