(Bloomberg) — Catalonia would recover its investment-grade credit rating if it reached an agreement on independence from Spain, according to study to be presented today by an economists’ group from the region.
The region’s government would merit an A+ rating, Standard & Poor’s fifth-highest grade, if it was released from its obligations to the rest of Spain, according to the study carried out by Joan Elias Boada, a former economist at La Caixa, Spain’s third-largest lender, and Joan Maria Mateu, a former finance director for southern Europe at German industrial company Weidmuller GmbH & Co. KG. That’s seven steps higher than the region’s current junk rating of BB, and would put it on a par with Israel and Korea.
Read the rest of the Article here. Published on January 28th, 2015.