Ratings

This section contains information on Barcelona City Council's credit rating given by the main rating agencies.

Should be mentioned that the debt assessment related to the ratings of the Barcelona City Council is limited (to its maximum value) by the rating assessment of the Spanish Central Government, even showing a solid financial situation that could imply a better rating assessment.

  STAND ALONE
CREDIT PROFILE (SACP)*
RATING              PERSPECTIVE  LAST PUBLICATION
S&P Global Ratings 'aa' BBB+ positive Open document of S&P Global Ratings, April 2017 (PDF)
Open document of S&P Global Ratings, March 2017 (PDF)
Press Release S&P Global Ratings, October 2017 (PDF)
Fitch   BBB+ positive Open document of Fitch Report, April 2017 (PDF)
Open document of Fitch Report, July 2017 (PDF)
Open document of Fitch Report, September 2017 (PDF)
Press Release Fitch, October 2017 (PDF)
Moody's Investors Service   Baa2 stable Open document of Moody's Report, February 2017 (PDF)
 

*The ICL, according to the methods used by S&P for rating local and regional governments (LRG), is not a rating but a means for assessing the intrinsic solvency of an LRG on the premise that there is no ceiling to the sovereign rating. The ICL shows the results of the combination of the assessment of the LRG's individual credit-profile with the institutional framework it operates under.]