S&P maintains rating of the Spanish debt – Investing.com Spain

MADRID (Reuters) – Standard & Poor’s said Friday that it has decided to maintain the rating of the Spanish debt at the level it was despite the policy paralysis in the country and the tensions Catalonia’s independence.

In a review of the rating, Spanish, S&P kept the rating of BBB+ to the debt of Spanish reference, with an outlook of “stable”.

“Our rating to long-term “BBB+” on Spain reflects our view of the strength of the country and balanced economic performance compared with its peers in the euro zone, in spite of the weakness of your recent fiscal management and political uncertainty,” said S&P in a note.

“To the end of the year, the size of the Spanish economy will reach pre-crisis levels in real and nominal terms,” said S&P forecasts a GDP growth of 3.2 per cent in 2016, which will be moderated until 2019.

The agency believes that domestic demand and exports and services will underpin the growth. Will continue to the creation of employment although the pace is slowing down if there are additional reforms.

“we Believe that the third general elections this year would create downside risks to our expectations for the negative impact on the confidence of businesses and consumers,” said S&P in your note.

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