A Fitch raised the rating in long -term foreign currency of the Spain of A- to A, With stable perspective, according to a report published on Friday (26). The adjustment came a few minutes after the Moody’s also improve the classification of the European country.
Fitch believes the Spanish economy will remain forte, with minimal exposure to US tariffs and ongoing liquid external leverage.
According to the institution, Spain’s economic performance exceeded expectations and that of other major economies of the eurozone.
Fitch mentions that the country’s economic growth is supported by large migratory flows and increasingly diverse and increasingly diverse services, adding that recent productivity gains, moderate wage growth, and relatively low energy prices have boosted external competitiveness and strengthened private external balance sheets.
The institution projects that the Commence Spanish will grow 2,7% In 2025, before slowing for expansion of 2% by 2026, reflecting stronger than expected in the first half of 2025.
According to the text, the indicators of business and consumer feeling are positive in the country, and the manufacturing sector benefited from the increase in solar and wind generation.
“The strong growth of the workforce reflects significant migratory flows, especially from Latin America, while recent reforms and a shared language have supported integration into the labor market,” he says, by reviewing Spain’s potential growth estimate from 1.4% to 2%.
