02 Oct 2025
Eurex Repo
Eurex Repo Readiness Newsflash | Upgrade of Spain’s Credit Rating and consequent inclusion to the GC Pooling ECB Basket®
With this Newsflash, Eurex Repo informs you about the latest update of Spain’s Credit Rating and the inclusion to the GC Pooling ECB Basket® consequently.
Spain has achieved a rare triple credit rating upgrade in September 2025 from Fitch, Standard & Poor's and Moody's. All three leading credit rating agencies have cited robust economic growth, labor market improvements and a resilient banking sector:
- Fitch raised Spain’s rating from A- to A on 16 September 2025
- Standard & Poor’s previously lifted its rating from A to A+ on 26 September 2025
- Moody’s upgraded from Baa1 to A3, on 29 September 2025
These upgrades reflect Spain's remarkable economic resilience, signals growing investor confidence and mark a turning point for Spain’s global financial standing.
As per GC Pooling Basket Definition - latest amendment on 2 June 2025 in Eurex Repo Circular 03/25 - 215 Spanish government bonds have become eligible in the GC Pooling ECB Basket® on 30 September 2025.
Kind regards,
Your Client Services Team
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Further information
Recipients: | All Trading Participants of Eurex Repo and Vendors | |
Target groups: | Front Office/Trading, Middle + Backoffice, IT/System Administration, Auditing/Security Coordination | |
Related circular: | Eurex Repo Circular 03/25 | |
Contact: | repo.sales@eurex.com | |
Web: |
