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.
(*) Due to an internal project reorganization, the rating agency EthiFinance has announced that it will cease to publish the unsolicited credit rating follow-up of the Barcelona City Council.
| STAND ALONE CREDIT PROFILE (SACP)* |
RATING | PERSPECTIVE | LAST REVISION DATE | LAST PUBLICATION | |
|---|---|---|---|---|---|
| S&P Global Ratings | 'aa-' | A | stable | 29/07/2024 | Open document of S&P Global Ratings. July 2024 (PDF) [Eng] Open document of S&P Global Ratings. Januay 2024 (PDF) [Eng] Press Release S&P Global Ratings. January 2023 (PDF) [Eng] |
| Fitch Ratings | 'aaa' | A- | positive | 15/11/2024 | Press Release S&P Global Ratings. November 2024 (PDF) [Eng] Press Release Fitch Ratings. July 2024 (PDF) [Eng] Open document of Fitch Ratings. July 2023 (PDF) [Eng] |
| Moody's Investors Service | Baa1 | positive | 02/07/2025 | Open document of Moody’s. July 2025 (PDF) [Eng] Press Release Moody’s. April 2025 (PDF) [Eng] Press Release. November 2024 (PDF) [Eng] |
|
| EthiFinance Ratings | A+ | A | stable | 04/10/2024 | Open document of EthiFinance. October 2024 (PDF) [Cast] Open document of EthiFinance. April 2024 (PDF) [Cast] Open document of EthiFinance. April 2023 (PDF) [Cast] |
*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.]