Credit Rating Report

Catalonia, Autonomous Community of: Credit Rating Report

Sub-Sovereign Governments

Summary

DBRS Ratings GmbH (Morningstar DBRS) upgraded the Long-Term Issuer Rating of the Autonomous Community of Catalonia to BBB (high) from "BBB" and upgraded the Short-Term Issuer Rating to R-2 (high) from R-2 (middle). The trend on all ratings has changed to Stable from Positive.

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