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Catalan independence bid unlikey to move Spain's credit rating

Source: Reuters - Fri 13th Oct 2017
Catalan independence bid unlikey to move Spain's credit rating

International credit ratings agency, Standard and Poor, today said how Spain’s continued dispute with catalonia is unlikely to see credit ratings move unless tensions escalate further.

The agency says they expect tensions between Spain’s central government and regional government of catalonia to persist and contribute to political uncertaintyž​, but that they do not believe catalan independence will occur; and instead believe that sovereign Catalonia would not be recognized by other national governments.

Standard and Poor's outlook of BBB+ rating on the kingdom of spain remains positive, reflecting expectations that the Spanish economy’s fundamentals will continue to strengthen.

Recommended Reading :

* Spain's creditors size up cost of Catalan independence bid

* Independence in Catalonia : What now ?

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