EthiFinance Ratings maintains Spain’s rating at A- but increases the outlook from Under-observation to Stable

In its February review, EthiFinance Ratings maintains the unsolicited rating of the Kingdom of Spain at A- with an improved outlook from Under-observation to Stable. This change is based on the stronger growth of the Spanish economy during the preceding financial year (5.5% compared to the expected 4.3%), avoiding recession in the last quarter, as well as the slowdown of inflationary pressures and a more favorable situation in the energy markets than expected. However, both factors are closely linked to the geopolitical situation, which is a factor of uncertainty that could put current forecasts at risk.