Scope affirms Spain credit ratings at A, revises outlook to positive

Scope Ratings on Friday affirmed Spain's credit ratings, citing solid economic growth.

The ratings agency maintained Spain's long‑term issuer and senior unsecured debt ratings at A, in both local and foreign currency. The outlook was revised to positive from stable, reflecting "robust economic performance, stronger public finances, and receding external vulnerabilities", with gross domestic product growth expected to outpace the euro area average.

Spain's short-term issuer ratings has also been affirmed at S-1.

Scope projected Spain's debt‑to‑gross domestic product ratio to decline steadily, supported by fiscal surpluses and moderating interest costs.

However, Scope said challenges remain from high public debt, structural unemployment, ageing‑related fiscal pressures, and parliamentary fragmentation.