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Kingdom of Spain Long-Term Ratings Cut To 'AA+' On Structural Weakness; Outlook Stable

Published Jan 19, 2009

About This Report

Abstract:

LONDON (Standard&Poor's) Jan. 19, 2009--Standard&Poor's Ratings Services today said it had lowered its long-term sovereign credit ratings on the Kingdom of Spain to 'AA+' from 'AAA', as we believe that current economic and financial market conditions have highlighted structural weaknesses in the Spanish economy that are inconsistent with a 'AAA' rating. At the same time, the 'A-1+' short-term ratings on the Kingdom were affirmed. The outlook is stable. With these actions, Standard&Poor's removed the ratings from CreditWatch negative, where they were placed on Jan. 12, 2009. Standard&Poor's will hold a telephone conference call on Monday, Jan. 19, 2009, at 1:00 pm U.K. time, 2:00 pm CET to discuss the rating action on

Report Type:

Ratings Action

Ticker

1841Z@SM

Issuer

Spain

Sector

Global Issuers, Structured Finance

Country

Spain

Region

Latin America

Format:

PDF

Spain (Kingdom of) – 2009/08/14 – US$ 500.00

Summary: Spain (Kingdom of) – 2009/08/17 – US$ 225.00

Spain Outlook Revised To Negative On Rising Fiscal Deficits And Risks Posed By Macroeconomic Adjustment – 2009/12/09 – US$ 150.00

Research Update: Spain Outlook Revised To Negative On Rising Fiscal Deficits And Risks Posed By Macroeconomic Adjustment – 2009/12/09 – US$ 225.00

Bulletin: Economic Growth Prospects Could Undermine Spain's Fiscal Consolidation Program – 2010/02/26 – Free

Research Update: Kingdom of Spain Long-Term Ratings Cut To 'AA+' On Structural Weakness; Outlook Stable – 2009/01/19 – US$ 225.00

Kingdom of Spain Long-Term Sovereign Ratings Placed On CreditWatch Negative On Economic Weakness – 2009/01/12 – US$ 150.00

Research Update: Kingdom of Spain Long-Term Sovereign Rating Placed On CreditWatch Negative On Economic Weakness – 2009/01/12 – US$ 225.00

S&P Expects To Rate Bank Debt Guaranteed by Spanish State Scheme 'AAA/A-1+' – 2008/12/02 – US$ 150.00

Spain (Kingdom of) – 2008/05/13 – US$ 500.00

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Kingdom of Spain Long-Term Ratings Cut To 'AA+' On Structural Weakness; Outlook Stable" Jan 19, 2009. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Kingdom-of-Spain-Long-Term-Ratings-Cut-To-AA-On-Structural-Weakness-Outlook-Stable-696931>

APA:	S&P Global Ratings’ Credit Research. (). Kingdom of Spain Long-Term Ratings Cut To 'AA+' On Structural Weakness; Outlook Stable Jan 19, 2009. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Kingdom-of-Spain-Long-Term-Ratings-Cut-To-AA-On-Structural-Weakness-Outlook-Stable-696931>

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