Bulletin: Economic Growth Prospects Could Undermine Spain's Fiscal Consolidation Program - S&P Global Ratings’ Credit Research

Bulletin: Economic Growth Prospects Could Undermine Spain's Fiscal Consolidation Program

Bulletin: Economic Growth Prospects Could Undermine Spain's Fiscal Consolidation Program - S&P Global Ratings’ Credit Research
Bulletin: Economic Growth Prospects Could Undermine Spain's Fiscal Consolidation Program
Published Feb 26, 2010
Published Feb 26, 2010
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Abstract:

-- We believe Spain's weak economic growth prospects could undermine the government's fiscal consolidation program. -- In our view, the general government deficit is likely to remain above 5% of GDP through to 2013 versus the official forecast of 3% of GDP by 2013. As a result, we expect the general government debt burden to rise above 80% of GDP by 2012. LONDON (Standard&Poor's) Feb. 26, 2010--Standard&Poor's Ratings Services said today that the Kingdom of Spain's (AA+/Negative/A-1+) weak growth prospects could undermine the government's fiscal consolidation program. In our view, the general government deficit is likely to remain above 5% of GDP through to 2013 versus the official forecast of 3% of GDP by 2013. As

  
Report Type:

Bulletin

Ticker
1841Z@SM
Issuer
Sector
Global Issuers, Structured Finance
Country
Region
Latin America
Format:
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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MLA:
S&P Global Ratings’ Credit Research. "Bulletin: Economic Growth Prospects Could Undermine Spain's Fiscal Consolidation Program" Feb 26, 2010. Alacra Store. May 11, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Economic-Growth-Prospects-Could-Undermine-Spain-s-Fiscal-Consolidation-Program-781992>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: Economic Growth Prospects Could Undermine Spain's Fiscal Consolidation Program Feb 26, 2010. New York, NY: Alacra Store. Retrieved May 11, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Economic-Growth-Prospects-Could-Undermine-Spain-s-Fiscal-Consolidation-Program-781992>
  
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