S&P Upgrades Spain's Rating To 'A-' Citing Growth

Mohammad Ali (@ChaudhryMAli88) Published March 24, 2018 | 08:45 AM

S&P upgrades Spain's rating to 'A-' citing growth

Washington, (UrduPoint / Pakistan Point News - 24th Mar, 2018 ) :S&P Global has lifted Spain's rating to "A-" from "BBB+" and assigned the country a positive outlook citing its "overall economic and budgetary performance" which has not been hampered by political tensions in Catalonia. "We expect Spain's GDP will expand faster than the eurozone average over 2018-2021, and that the government's budget deficit will continue to shrink," it said in a statement.

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