Spain Credit Rating

Current Spain credit ratings, according to main rating agencies.

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Rating Agency Rating Outlook Last Update Action
Standard & Poor's A - 21 Mar 2022 outlook upgrade
Moody's Investors Service Baa1 - 13 Apr 2018 rating upgrade
Fitch Ratings A- - 19 Jan 2018 rating upgrade
DBRS A - 30 May 2020 outlook downgrade

Spain: Long-term Rating Scales Comparison

Symbol means a positive outlook assigned by the rating agency.
Symbol means a negative outlook.

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Grade Description S&P Moody's Fitch DBRS
Investment
Grade
Prime
AAA
Aaa
AAA
AAA
High Medium Grade
AA+
Aa1
AA+
AA(high)
AA
Aa2
AA
AA
AA-
Aa3
AA-
AA(low)
Upper Medium Grade
A+
A1
A+
A(high)
A
A2
A
A
A-
A3
A-
A(low)
Lower Medium Grade
BBB+
Baa1
BBB+
BBB(high)
BBB
Baa2
BBB
BBB
BBB-
Baa3
BBB-
BBB(low)
Speculative
Grade
Speculative
BB+
Ba1
BB+
BB(high)
BB
Ba2
BB
BB
BB-
Ba3
BB-
BB(low)
Highly Speculative
B+
B1
B+
B(high)
B
B2
B
B
B-
B3
B-
B(low)
Substantial Risk
CCC+
Caa1
CCC+
CCC(high)
CCC
Caa2
CCC
CCC
CCC-
Caa3
CCC-
CCC(low)
Extremely Speculative
CC
Ca
CC
CC
C
C
C
C
In Default
RD
/
RD
RD
SD
/
SD
SD
D•NR
D•NR
D•NR
D•NR

Spain Credit Ratings historical data

Timetable of Spain credit ratings by S&P, Moody's, Fitch and DBRS agencies.
Symbol means a positive outlook assigned by the rating agency.
Symbol means a negative outlook.

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Date S&P Moody's Fitch DBRS
21 Mar 2022 A
19 Sep 2020 A
30 May 2020 A
23 Sep 2019 A
21 Sep 2019 A
13 Apr 2018 Baa1
6 Apr 2018 A
23 Mar 2018 A-
19 Jan 2018 A-
21 Jul 2017 BBB+
31 Mar 2017 BBB+
8 Apr 2016 A (low)
19 Feb 2016 Baa2
9 Oct 2015 A (low)
2 Oct 2015 BBB+
10 Oct 2014 A (low)
23 May 2014 BBB
25 Apr 2014 BBB+
21 Feb 2014 Baa2
4 Dec 2013 Baa3
29 Nov 2013 BBB-
1 Nov 2013 BBB
10 Oct 2012 BBB-
8 Aug 2012 A (low)
13 Jun 2012 Baa3
7 Jun 2012 BBB
22 May 2012 A (high)
3 May 2012 A (high)
26 Apr 2012 BBB+
13 Feb 2012 A3
27 Jan 2012 A
13 Jan 2012 A
8 Dec 2011 AA (low)
18 Oct 2011 A1
13 Oct 2011 AA-
7 Oct 2011 AA-
17 Aug 2011 AA
10 Mar 2011 Aa2
4 Mar 2011 AA+
15 Dec 2010 Aa1
21 Oct 2010 AA
30 Sep 2010 Aa1
30 Jun 2010 Aaa
28 May 2010 AA+
28 Apr 2010 AA
9 Dec 2009 AA+
19 Jan 2009 AA+
12 Jan 2009 AAA
13 Dec 2004 AAA
10 Dec 2003 AAA
30 Jul 2003 AA+
13 Dec 2001 Aaa
19 Sep 2001 Aa2
1 Sep 1999 AA+
31 Mar 1999 AA+
6 May 1998 AA
6 Feb 1996 AA
10 Aug 1994 AA
26 Jun 1989 AA
1 Aug 1988 AA
3 Feb 1988 Aa2

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