// IP Marketing video - START// IP Marketing video - END

Standard & Poor's affirms Spain's credit rating at BBB+

Standard & Poor's affirms Spain's credit rating at BBB+

PanARMENIAN.Net - The rating agency Standard & Poor's has affirmed Spain's credit rating at BBB+, citing the strong commitment of the nation to economic and fiscal adjustment. However, the outlook remains negative as S&P sees multiple risks to Spain's economic rebalancing, FXstreet.com said.

The current rating is premised on the assumption that the government will not provide any additional direct support to the commercial banking sector beyond the maximum €100 billion.

"In our view, Spain's commitment to the ongoing implementation of a comprehensive fiscal and structural reform agenda remains strong," said S&P in a statement. "The negative outlook reflects our view of multiple risks to Spain's economic rebalancing, the potential for the crystallization of additional contingent liabilities, and the effectiveness of the eurozone policies in stabilizing funding markets."

 Top stories
“The two sides are currently preparing the required infrastructure for boosting natural gas exchange,” NIGEC chief Alireza Kameli said.
Sargsyan said fingerprints of some 1.5 million potential voters will have to be collected which requires a lot of work.
The country’s foreign trade turnover increased by 6.8% in January – May, compared with figures registered in the same period in 2015.
Foreign trade turnover amounted to $1.46 billion in the first four months of 2016, growing by 4,2% against the same period in 2016.
Partner news