SP confirms the rating of Spain despite a high deficit – Le Figaro

The Standard and Poor’s rating agency confirmed Friday the long-term debt rating of Spain to “BBB +”, despite the political uncertainty in the absence of a new government and a public deficit heavier than expected.
This rating “reflects our vision of the strong economic performance in Spain compared to other countries in the euro area” despite the “weight of the public debt” and “political uncertainty “according to a statement.
this note is accompanied by a stable outlook, which means that SP does not intend to alter in the short term.
Spain has seen its deficit skid in 2015, for the eighth consecutive year. It amounted to 5.16% of GDP (Gross Domestic Product), far from the stated goal of 4.2%.
Madrid promised to resume in 2016 with the criteria of the Stability and Growth Pact European growth, which limits the permitted 3% public deficit.
Standard and Poor’s view, however, the fourth largest economy in the euro zone will fail to return to the nails set by Brussels this year.
The rating agency expects growth of GDP of 2, 6% in 2016, slightly less than expected by the Bank of Spain (2.7%).
SP, as the Spanish central bank Friday also warned that “prolonged political uncertainty could increase the risks to decline “for its outlook on the Spanish economy.