MEXICO CITY, Mexico, in April. 10-2015.- The rating agency S & amp risk; P kept note of the Spanish sovereign debt in the middle approved (BBB) with stable outlook, but raised its forecast for GDP growth, which now stand at 2.2% for 2015 .
The latest report from S & P notes that there is still “significant” uncertainty about the upcoming regional elections and to future governments to maintain “strong record” of economic reforms launched
However, the agency assesses the recovery of the Spanish economy and its higher level of competitiveness also driven by the reduction in oil prices, and believes that the Spanish GDP will grow 2.2% this year and 2.4% in 2016.
The rating of Spanish debt would improve if the deficit is reduced “further” and public debt is stabilized, while improving the cost to finance for the public sector.
The rating agency maintains stable outlook for Spain for at least the next two years, during which economic recovery will be consolidated and also due to the large net debtor position of Spain against the outside.
In his report, estimates that the Spanish debt will stand at 93% of GDP in 2017 and considers that the tax reform approved by the Government could contribute to job creation.
LLC
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