S&P downgrades Catalonia to "BB-" due to political tension - Outlook - negative

Friday close and rating woes

  • Increased political tension with the central government the reason for change in rating and outlook
  • Does not expect a unilateral declaration of independence
  • Expects the central Spanish government to remain willing to provide financial aid to Catalonia
  • Rating also reflects Catalonia's very weak budgetary performance and very high debt burden

This type of news keeps the independence pot bubbling

Best in 2026

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