Debt Structure and Ratings
Data on the degree of indebtedness of the Region of Madrid and its evolution.
Here you can consult the ratings assigned by the agencies with the greatest international prestige as well as information on the structure and evolution of the debt, repayment schedule, evolution of the average life, historical composition of the debt and debt indicators.
Rating
The Community of Madrid has a credit rating granted by the four rating agencies with the greatest international prestige.
S&P: A with stable outlook (26/07/2024)
Moody's: Baa1 with positive outlook (21/03/2024)
DBRS: A with a positive outlook (14/06/2024)
Fitch Ratings: A- with stable outlook (26/04/2024)
Debt Structure at year-end 2023
The debt portfolio of the Community of Madrid closed the 2023 financial year with a structure similar to that of previous years, predominating debt in securities, at a fixed rate and in euros. The Community of Madrid has continued to formalize its new debt through loans, given the high uncertainty in the capital markets. However, the amortization of previous operations has caused the weight of this type of instrument to reduce (1,8 percentage points), as opposed to securities, with a higher fixed rate portfolio composition (+5,6 p.p. ). The strategy of extending the average life of previous years has made it possible to limit the impact of the rise in the yield curve on the average cost of the portfolio, maintaining an average life of more than 8 years.
Distribution of the debt issued 2024
The Community of Madrid has managed to successfully place, in the first two months of the year, 92% of all of its financing needs for the year 2024, with great diversity by type of investor and country of origin.
Evolution of the Debt
This section shows the evolution of the debt at the close of the fiscal year of the General Administration, and the evolution of the debt in quarterly terms, SEC 2010 data, published by the Bank of Spain.
| (millions of euros) | 2021 | 2022 | 2023 |
|---|---|---|---|
| Region of Madrid | 32.400,43 | 33.282,67 | 34.345,31 |
| In euros | 32.400,43 | 33.282,67 | 34.345,31 |
| Vision | 32.238,63 | 33.120,87 | 34.183,51 |
| Credits | 12.075,35 | 12.981,59 | 13.063,23 |
| Values | 20.163,28 | 20.139,28 | 21.120,28 |
| Short term | 161,80 | 161,80 | 161,80 |
| Credits | 161,80 | 161,80 | 100,5 |
| Values | 0,0 | 0,0 | 61,3 |
| In Currency | 0,0 | 0,0 | 0,0 |
| Vision | 0,0 | 0,0 | 0,0 |
| Credits | 0,0 | 0,0 | 0,0 |
| Values | 0,0 | 0,0 | 0,0 |
| Short term | 0,0 | 0,0 | 0,0 |
| Credits | 0,0 | 0,0 | 0,0 |
| Values | 0,0 | 0,0 | 0,0 |
| Mar 23 | Jun-23 | sep-23 | dic-23 | |
| Region of Madrid | 37.498 | 37.658 | 36.360 | 35.875 |
| Vision | 32.256 | 32.052 | 31.076 | 30.979 |
| Credits | 11.116 | 10.385 | 9.955 | 9.859 |
| Values | 21.139 | 21.666 | 21.120 | 21.120 |
| Short term | 586 | 847 | 485 | 228 |
| Credits | 536 | 757 | 432 | 167 |
| Values | 50 | 90 | 53 | 61 |
| Fund CCAA Funding | 0 | 0 | 0 | 0 |
| Public Private Partnerships | 1.483 | 1.483 | 1.483 | 1.431 |
| Rest of the world | 3.173 | 3.276 | 3.316 | 3.236 |
Indebtedness Indicators
The Debt/GDP ratio of the Public Administration Sector of the Community of Madrid stood at 13,3% in the first quarter of 2024.