Rating of the cities of Madrid and Barcelona

In its November review Axesor Rating maintains the city of Madrid's unsolicited credit rating at A- with stable trend. Despite the capital growth potential of Spain, there is a slowdown in the evolution of both private consumption and the tourism sector, limiting GDP growth to 4.7%, in line with forecasts for Spain.

In its November review Axesor Rating maintains the city of Barcelona's unsolicited credit rating in A- with stable trend. The rating also takes into account the expansionary character of the 2022 Consistory's draft accounts, noting the importance of public investment for recovery.