Rating Report

DBRS Morningstar Confirms Kingdom of Spain at “A”, Stable Trend

Sovereigns

Summary

DBRS Ratings GmbH (DBRS Morningstar) confirmed the Kingdom of Spain’s (Spain) Long-Term Foreign and Local Currency – Issuer Ratings at “A” and its Short-Term Foreign and Local Currency – Issuer Ratings at R-1 (low). The trend on all ratings remains Stable.