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Scope Rating upgrades Spain's sovereign debt rating to A+
Scope Rating has upgraded Spain's sovereign debt rating from A to A+ with a stable outlook. This improvement brings Spain's creditworthiness closer to that of France, which holds an AA- rating.
The upgrade is attributed to sustained economic performance, strong domestic demand, and improving fiscal indicators. Notably, the yield required on Spanish debt has recently fallen below that of French debt, a rare occurrence.
In 2025, Spain recorded its first primary surplus in 18 years. Public debt ended 2025 at 100.7% of GDP, exceeding previous projections slightly, but the government forecasts the ratio will drop to 99.3% in 2026. The country continues to lead growth among major Eurozone economies, supported by rising employment and productivity.
Entities
France · Germany · Ministry of Economy · Scope Rating · Spain
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 5 SOURCES] The yield required on Spanish debt is currently lower than that of French debt. www.diariodemallorca.es · www.informacion.es · www.farodevigo.es · elpais.com · www.elperiodicoextremadura.com
- [○ 1 SOURCE] Spain's new A+ rating places it just one step below France's AA- rating. elpais.com
- [● 5 SOURCES] Public debt closed 2025 at 100.7% of GDP. www.diariodemallorca.es · www.informacion.es · www.farodevigo.es · elpais.com · www.elperiodicoextremadura.com
- [● 5 SOURCES] Scope Rating raised Spain's sovereign debt rating from A to A+ with a stable outlook. www.diariodemallorca.es · www.informacion.es · www.farodevigo.es · elpais.com · www.elperiodicoextremadura.com
- [● 5 SOURCES] The government forecasts the debt-to-GDP ratio will reach 99.3% in 2026. www.diariodemallorca.es · www.informacion.es · www.farodevigo.es · elpais.com · www.elperiodicoextremadura.com
- [○ 1 SOURCE] Spain's risk premium against Germany is at 44 basis points. elpais.com
- [● 5 SOURCES] Spain recorded its first primary surplus in 18 years in 2025. www.diariodemallorca.es · www.informacion.es · www.farodevigo.es · elpais.com · www.elperiodicoextremadura.com