Spain News and Economic Updates
Spain rating outlook raised to positive as KBRA affirms A/K1 sovereign ratings
Spain’s sovereign credit profile received a more upbeat assessment as the country continues to post stronger growth than the euro area. KBRA affirmed the Kingdom of Spain’s long-term issuer ...
Spain nominates De Cos for ECB presidency as Lagarde succession process advances
Euro zone governments are closing nominations for the next European Central Bank president as Christine Lagarde's successor comes into focus. Spain has put forward former Bank of Spain chief Pablo ...
FCC Servicios Medio Ambiente rating affirmed at BBB- with stable outlook
FCC Servicios Medio Ambiente keeps its investment-grade rating as Fitch highlights stable contracted revenue, broad operations across the waste value chain and supportive circular-economy policies ...
Spain services growth cools in October, PMI stays above trend
Spain's services sector continues to expand strongly in October, although the pace slows from the previous three months as new business growth eases and export sales decline. The survey still ...
Melia returns to quarterly profit as Cuba exit impact eases
Spain's largest hotel chain returns to profit in the third quarter after a first-half loss tied to its withdrawal from Cuba operations. Summer resort demand supports revenue and room-rate growth, ...
Penner-backed group buys Valencia CF stake as billionaires deepen European soccer bets
Wealthy U.S. investors are expanding further into European soccer, adding to a broader push into global sports assets. Greg Penner, Walmart's chairman, is part of a consortium that agrees to buy ...
KBRA assigns preliminary ratings to Sierra Residential DAC RMBS notes backed by Spanish mortgages
Spain's residential mortgage-backed securities market is seeing a new transaction tied to a pool of seasoned and largely reperforming home loans. KBRA has assigned preliminary ratings to six ...
Indra lifts 2026 defence growth outlook on TESS vehicle deliveries
Spain's push to expand military spending is increasing Indra's role in defence and aerospace as the company scales work across national modernization programs and NATO contracts. The group now ...
Sabadell Q3 profit rises on stronger lending income
Spain's Sabadell reports higher underlying third-quarter profit as lending income continues to support earnings after the sale of TSB. The result comes in above analyst expectations for net ...
Spain rail safety scrutiny deepens after second fatal high-speed collision
Spain’s high-speed rail system is facing renewed scrutiny after a second deadly collision in nine months on the Madrid-Andalusia corridor. The latest crash near Toledo kills at least 64 people ...
Puig targets revenue growth under Vision 2032 plan
Spanish beauty group Puig sets out a long-term expansion plan as it looks to lift annual revenue above 8 billion euros by 2032. The strategy leans mainly on organic growth and includes margin, ...
Renfe selects Siemens for $1.36 billion high-speed train contract in Spain
Spain is advancing a new phase of investment in its high-speed rail fleet after state-owned operator Renfe chose Siemens as preferred supplier for 30 trains. The contract, which includes ...
KBRA affirms Clavel Residential 4 DAC ratings on Spanish RMBS
A surveillance review of Clavel Residential 4 DAC leaves all outstanding ratings unchanged, reflecting sufficient credit enhancement for the securitisation. The Spanish residential mortgage-backed ...
Plenergy term loan B gets BB- rating as refinancing supports expansion plan
Plenergy is reshaping its balance sheet as it continues to expand in Spain and Portugal's low-cost fuel retail market. The company's new EUR400 million term loan B refinances existing debt, funds ...
Neinor Homes outlook raised to positive as Fitch affirms B+ rating
Spain's residential developer Neinor Homes is gaining credit support as its enlarged platform after the AEDAS acquisition is expected to improve leverage and cash generation over the next two ...
Valencia CF sells 42% stake at €1.25bn valuation to U.S.-led investor consortium
Valencia CF is bringing in fresh capital as the Spanish club pushes ahead with a long-delayed stadium project and a broader ownership reshuffle. The deal gives a U.S.-led consortium a 42% holding, ...
From exchanges to banks: How Spain is reshaping its crypto market
Spanish banks are becoming increasingly involved in cryptocurrency, with seven major financial institutions backing a newly approved euro stablecoin project. The initiative could strengthen ...
Seaya Ventures opens London office after raising 600 million euros for European startup fund
As European venture capital firms seek broader access to startup deal flow across the region, Seaya Ventures is expanding into the UK with a new London office. The move follows the Spanish ...
Bolt to launch driverless taxi programme in Madrid in 2027
Spain is moving toward public-road testing permits for autonomous vehicles as Bolt prepares to begin its first driverless taxi programme in Madrid during 2027. The rollout is intended as a base ...
Adif Alta Velocidad ratings affirmed at 'A' as Fitch cites state support
Spain's high-speed rail infrastructure manager keeps its top-level alignment with the sovereign after Fitch Ratings affirmed its long-term issuer ratings at 'A' with a stable outlook. The decision ...
Waymo plans Madrid robotaxi launch in 2027
Madrid is set to become Waymo's first market in Spain as the Alphabet unit expands its international autonomous ride-hailing footprint. The planned 2027 rollout comes as Spain opens its regulatory ...
