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Catalan crisis had no effect on ratings: Bonds by 2020
The Catalan government aims to reduce dependency on the Spanish state, as a rule. The Generalitat will spend this year attempting to ready itself to issue government bonds, to put its debt out to international markets in 2020. However, Catalonia’s scores with ratings agencies must first increase - and most would currently peg the region’s bonds as “junk”. However, both Moody’s and Fitch have asserted that the political crisis has had no effect on the Catalan economy, and increased the region’s rating to “stable”. DBRS has Catalonia only a fraction below “stable”.
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