Aragón’s solvency improves according to Standard & Poor’s, which rates it as “BBB+ positive”

The US financial services risk rating agency Standard & Poor’s has improved Aragón ‘s solvency in a new report it published last Wednesday. The Community’s rating remains at BBB+, although it goes from stable to positive. According to the agency, the rating could be raised over the next two years if Aragón “records higher operating balances” or if it “benefits from a central government debt reduction initiative.”

Standard & Poor’s expects Aragón’s operating balances to stabilize and remain positive , despite the contained growth in income and the temporary weakening of the 2025 budget results. They expect these operating income to increase in the region by almost 14% this year, exceeding 9% in 2023 , due to the increase in resources of the financing system. In addition, they point to the regional budget, which “contains ambitious spending growth hypotheses.”

The second vice president and Minister of Economy, Mar Vaquero, has pointed out that this report “credits the good progress of the Aragonese economy , the good situation of the accounts and that work is being done with certainty, certainty and giving confidence to the Aragonese and all those that they can invest in Aragón”.

ARAGON AS A LOGISTICS HUB

The Aragonese economy expanded by approximately 2.7% in 2023, outperforming both Spain and the eurozone . According to the agency, the region “benefits from the geographical proximity to the main areas of economic and industrial activity in Spain: Madrid, Catalonia, the Basque Country and Navarra” and “has taken advantage of this advantage to become a logistics hub .” In addition, “it benefits from the great availability of land and access to renewable and affordable energy sources.”

They also highlight that “investments have been successfully attracted in sectors as varied as information technology, automobile manufacturing, e-commerce, fashion and food.” These involve “large investments in warehouses, data centers and manufacturing plants, and specialized hiring.” In this sense, the vice president recalled that President Azcón already announced that throughout the year ” investments worth more than 10,000 million euros will be made known and this is also what the report reflects.”