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Extremadura contributes to the positive impact on Spain's economy

08 Apr 2024

The region's risk rating sets a favorable scenario for investment

The credit rating agency Moody's (the world's leading provider of credit ratings, research and risk analysis) has confirmed Spain's debt rating at 'Baa1' by upgrading the outlook from 'stable' to 'positive', due to a better balance in the country's growth model.

More particularly, the outlook has also changed favourably for Extremadura, which has evolved from a rating of Baa3 (positive), at the beginning of 2014, to Baa2 (stable) in March 2024, a score given to the autonomous communities in which it is advisable to invest.

With this trend, the fiscal situation of the region and the country is expected to improve in the coming years, with forecasts pointing to an improvement in gross operating balances and a reduction in deficit and debt burdens.

It is also expected that the European Union's Next Generation funds (an initiative that seeks to provide economic support to EU Member States through credits) will have a positive impact on local economies, which will be reflected from this year.

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