Fitch Affirms Spain at 'A-'; Outlook Stable | Hellenic Shipping News Worldwide
Fitch Affirms Spain at ‘A-‘; Outlook Stable Fitch Ratings has affirmed Spain’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘A-‘ with a Stable Outlook. KEY RATING DRIVERS The Covid-19 pandemic has had an increasingly significant impact on the Spanish economy and the sovereign fiscal position. The ratings are nevertheless supported by a high value-added and diversified economy, strong governance indicators, and ease of doing business and human development rankings that are in line with or higher than the ‘A’ peer median. We expect Spain’s economy to recover in 2021...
Source: hellenicshippingnews.com