The Community of Madrid has become the first Spanish administration to formally work with German rating agency Scope, reaffirming the regional government’s support for the European Union’s rating agency sector.
Founded in 2002The scope is leading European credit rating agency what is authorized by the European Central Bank within the Eurosystem Credit Assessment Framework (ECAF), indicates the Ministry of the Economy and Finance in a press release.
Last September, this agency improved to A with stable outlook of A- Community of Madrid rating, which is the only region in Spain to have the same rating as the National Treasury in the main international agencies.
So, he has the category A with a stable outlook from S&P, an A rating with a positive outlook from DBRS, an A- rating with a positive outlook from FitchRatings and a Baa1 rating with a positive outlook from Moody’s.
Likewise, it has the lowest debt of all the regions of Spain that do not have a special regime with a 12.8% of GDP9.1 points below the average for the autonomous communities, which stands at 21.9%.
Last year, this debt-to-GDP ratio was reduced by 0.6 points passage from 13.4% to 12.8% In the second quarter of 2024, the consultancy ends.
