madrid capital

Can Madrid survive without rating?

Fernando Barciela | Madrid leftwing Mayor Manuela Carmena (Ahora Madrid) upset the markets and the media last week with her decision to fire credit rating agencies Standard & Poor’s (S&P) and Fitch, effective from 2016.

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Fitch Upgrades Spain’s Outlook to Stable and BBB

THE CORNER TEAM | For the first time since 2009, when the country lost the top credit rating by S&P, Spain’s outlook has been upgraded. Fitch affirmed its ‘BBB’ investment-grade rating and gave it a “stable” prospect  thanks to progress in reforms and improved export performance.


Fitch: above-sovereign graded Spanish, Italian regions record stable performance

LONDON | Those regions in Spain and Italy awarded better risk qualifications than their countries as a whole have overcome the latest turmoil in the euro zone without difficulties. Fitch Ratings issued Wednesday a positive comment on the Italian and Spanish subnationals rated above the sovereign. The agency said that their debt and debt service coverage ratios with the operating balance have largely remained in line with those of similarly…


Chancellor Osborne strains UK’s special relationship with ratings agencies

LONDON | It was inevitable. The UK woke up Thursday saddled by a 50/50 chance of losing the maximum award of its national borrowing capabilities. After all, as Santander analysts poke out of Fitch Ratings’ statement over its outlook downgrade of the triple A, which British sovereign bonds still hold, the growing public debt to GDP ratio is set to approach the edge of the top-gun category. The figures came…