Standard & Poor’s credit rating for Spain stands at A- with positive outlook. Moody’s credit rating for Spain was last set at Baa1 with stable outlook. Fitch’s credit rating for Spain was last reported at A- with stable outlook. DBRS’s credit rating for Spain is A with stable outlook. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Spain thus having a big impact on the country’s borrowing costs. This page includes the government debt credit rating for Spain as reported by major credit rating agencies.