Twist in the Eurozone. A country judged to be "virtuous" falls in the judgment of one of the rating agencies, while one of the Pigs rises surprisingly. In fact, Standard & Poor's cuts the triple A of Holland, bringing the sovereign rating to “AA+”. The outlook is stable. Now in Europe only Germany, Luxembourg and Finland remain with triple A.
The decision to cut the rating is linked to the worsening growth prospects. Moody's and Fitch have instead kept the triple A of Holland, a virtuous country but characterized by a political instability reminiscent of Italy (five legislative elections in the last ten years, two every two years due to frequent resignations before the natural end of the mandate) . “Per capita GDP – reads the S&P note – remains weaker than that of other countries at a similar level of economic development”.
Standard and Poor's itself, on the other hand, elevates Spain's outlook to “stable”. following a progressive improvement in the country's economy, according to a statement from the rating agency published today. With this decision, the agency does not plan to either raise or lower the country's rating in the medium term, which remains at "BBB-". Until today, Spain's outlook was "negative". Standard and Poor's estimates that Spain is benefiting from a progressive economic recovery, thanks to exports, coupled with a series of fiscal and structural reforms, and ongoing measures in the euro area.
