Bulletin: Spain's Deficit For 2012 Is In Line With S&P's Base-Case Scenario; Ratings Unaffected On Sovereign And Most Regions - S&P Global Ratings’ Credit Research

Bulletin: Spain's Deficit For 2012 Is In Line With S&P's Base-Case Scenario; Ratings Unaffected On Sovereign And Most Regions

Bulletin: Spain's Deficit For 2012 Is In Line With S&P's Base-Case Scenario; Ratings Unaffected On Sovereign And Most Regions - S&P Global Ratings’ Credit Research
Bulletin: Spain's Deficit For 2012 Is In Line With S&P's Base-Case Scenario; Ratings Unaffected On Sovereign And Most Regions
Published Mar 04, 2013
1300 words — Published Mar 04, 2013
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Abstract:

MADRID (Standard&Poor's) March 4, 2013--Standard&Poor's Ratings Services said today that its ratings on Spain (BBB-/Negative/A-3) and most of the country's autonomous regions are unaffected following the Spanish Ministry of Finance's announcement of deficit numbers for 2012 on Thursday. (Watch the related CreditMatters TV segments titled "Spanish Regions And The Challenge Of Fiscal Consolidation" and "Las Regiones Españolas Y El Reto De La Consolidación Fiscal," dated March 8, 2013.) The ministry said that, as a share of GDP, the general government deficit was 6.74% and the aggregate regional deficit was 1.73%, slightly above the government's respective targets of 6.3% and 1.50% of GDP. The general government deficit is in line with our estimate of 6.9% of GDP

  
Brief Excerpt:

RESEARCH Bulletin: Spain's Deficit For 2012 Is In Line With S&P's Base-Case Scenario; Ratings Unaffected On Sovereign And Most Regions Publication date: 04-Mar-2013 Primary Credit Analyst: Alejandro Rodriguez Anglada, Madrid (34)...

  
Report Type:

Bulletin

Ticker
1841Z@SM
Issuer
Spain
Sector
Global Issuers, Structured Finance
Country
Spain
Region
Latin America
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Bulletin: Spain's Deficit For 2012 Is In Line With S&P's Base-Case Scenario; Ratings Unaffected On Sovereign And Most Regions" Mar 04, 2013. Alacra Store. May 01, 2024. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Spain-s-Deficit-For-2012-Is-In-Line-With-S-P-s-Base-Case-Scenario-Ratings-Unaffected-On-Sovereign-And-Most-Regions-1092258>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: Spain's Deficit For 2012 Is In Line With S&P's Base-Case Scenario; Ratings Unaffected On Sovereign And Most Regions Mar 04, 2013. New York, NY: Alacra Store. Retrieved May 01, 2024 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Spain-s-Deficit-For-2012-Is-In-Line-With-S-P-s-Base-Case-Scenario-Ratings-Unaffected-On-Sovereign-And-Most-Regions-1092258>
  
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