Alan Wentworth-Harley's Marbella Property Insider

Standard & Poor's, an American credit rating agency, has recognized the Junta regional government's prudence in managing its debt, as well as its strong economic and financial policies. As a result, Andalucía's international financial solvency rating has reached its highest point since 2012. The region's rating was upgraded from 'BBB+' to 'A-', with a stable outlook, which places it among the regions with a strong capacity to meet its financial obligations. This rating is just one step away from the Spanish Treasury's risk rating ('A'). The agency also praised the Junta de Andalucía's commitment to stabilizing its budget and consolidating its fiscal policy. Furthermore, S&P highlighted the region's significantly improved average period of payment to suppliers, which contributed to its new credit rating. With a payment period of just 16 days, Andalucía enjoys a comfortable liquidity position, according to S&P.