Spanish Sovereign Debt Ratings Upgraded by Major Agencies: A Historic Milestone

Spain's sovereign debt ratings receive historic upgrades from key agencies, reflecting economic resilience and boosting investor confidence.

    Key details

  • • Spain's debt rating upgraded to 'A' by Moody's and Fitch, joining S&P.
  • • This marks the first time all major agencies have rated Spain at the same level.
  • • The upgrades reflect improved investor confidence and economic stability.
  • • The government expects lower borrowing costs and increased foreign investment.

Spain has achieved a historic milestone in its financial standing as Moody’s and Fitch have joined S&P in upgrading the country’s sovereign debt ratings to ‘A’. This coordinated elevation marks a significant moment for the Spanish economy, showcasing improved investor confidence and economic stability. According to recent reports, Moody’s and Fitch announced their upgrades on September 27, 2025, aligning with S&P’s previous rating change earlier in the month.

The escalation to ‘A’ reflects a solid economic recovery and a decreasing risk of default, according to these agencies. Overall, this development signifies the first time in history that all three major credit rating agencies have rated Spain at this level simultaneously, underscoring a unified viewpoint on Spain's economic resilience.

"The upgrades serve as a testament to the efficiency of Spain's fiscal policies and the resilience demonstrated during recent economic challenges," stated an expert from the Spanish Finance Ministry. The government anticipates that this landmark achievement will not only lower borrowing costs but also enhance Spain’s appeal to foreign investors.

In light of these upgrades, Spain is expected to experience a ripple effect in both domestic and global markets, attracting new investments and reinforcing its financial standing in the eurozone. Economic analysts suggest that this momentum could further support Spain’s growth trajectory as it moves into the next fiscal year.