Spains roaring economy sees its credit rating upgraded to the A band: Experts cite strong employment and exports to go with boom in international tourism [Video]

SPAIN’S impressive economic performance has seen its credit rating upgraded to the A band.

Currently the poster boy of Europe, Spanish debt has now been rewarded with an A3 rating by credit rating agency Moody’s – the fourth highest rating possible.

The Spanish economy had been labouring under a Baa1 rating for the past five years, although this is the highest rating in the B band.

The upgrade comes just six months after Spain was placed on a ‘positive watch’ thanks to its relatively breakneck growth of 2.5% in 2023. 

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Spain’s strong economic performance – outstripping every large economy in Europe – and newfound political stability have bolstered its prospects. 

Between April and June alone the economy grew 0.8%, above the OECD average of 0.5%.

The contrast between Spain and France, which grew just 0.3% in the …