S&P Spain

Time for Spain to get a foreign policy

S&P Maintains Spain’s A Rating, Revises Outlook To Negative From Stable; Moodys Makes No Changes

Rating agency S&P has changed Spain’s rating outlook to “negative” due to the pandemic. While maintaining the country rating at “A,” the agency warns of the coronavirus’ strong impact on Spain’s economy. For this reason it has worsened its perspectives from “stable” to “negative.” S&P also justifies its decision on the possibility that an agreement will not be reached over next year’s budget.