Fitch raises Madrid, Barcelona ratings to 'BBB+' from 'BBB'

viernes 2 de mayo de 2014 18:19 CEST

May 2 (Reuters) - Fitch Ratings raised the long-term foreign and local currency issuer default ratings of Spain's Madrid and Barcelona to "BBB+" from "BBB."

Fitch said the ratings of Barcelona reflected the city's strong budgetary performance and debt metrics.

Madrid's ratings reflected its enhanced budgetary performance and debt stabilization, Fitch said in a statement. (

Fitch has also affirmed its short-term foreign currency issuer default rating (IDR) for the cities at 'F2'. (Reporting by Abinaya Vijayaraghavan; Editing by Kirti Pandey)