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 (23/10/2020)
Moody's: Baa1 with stable outlook (17/09/2021)
DBRS: A- with a positive outlook (11/03/2022)
The economy of the Community of Madrid is expanding, with a GDP per capita clearly higher than the national average (around the 33.000 euros, an 35% higher than the average). This has also been translated into the high dynamism of the labor market. All this, together with improvements in financing conditions, compliance with the Budget Stability Objective and the expectation of continuing to reduce the debt ratio on current revenues guarantee a good performance of the credit rating.
Debt Structure at year-end 2021
The debt portfolio of the Community of Madrid closed the 2021 financial year with a structure similar to that of previous years, with debt in securities, at a fixed rate and in euros predominating. The Community of Madrid took advantage of the context of rates still at very low levels to finance itself at reduced long-term rates, mainly through bonds (increasing their weight by 3,6 percentage points). This strategy has made it possible to maintain the average life of the debt portfolio at over 8 years and reduce the average cost.
Distribution of the debt issued 2022
The Community of Madrid has managed to successfully place more than half of its financing needs in the first half of 2022, 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.
Tabs
Indebtedness Indicators
The Debt/GDP ratio of the Public Administration Sector of the Community of Madrid stood at 14,6% in the first quarter of 2022.
Annual debt indicators
| Ratios | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|
| Debt / GDP (%) | 14,5 | 13,9 | 16,0 | 14,8 |
| Debt / Dweller (euros) | 5.019,6 | 4.936,5 | 5.125,1 | 5.096,7 |
| Debt / Current income (%) | 183,6 | 171,3 | 150,0 | 146,3 |
| Financial Load / Current Revenue (%) | 16,7 | 17,5 | 21,0 | 14,2 |
Note: According to recognized rights and obligations.
Comparative Community of Madrid-Total of Autonomous Communities
Region of Madrid
| Ratios | 2T2021 | 3T2021 | 4T2021 | 1T2022 |
| Debt / GDP (%) | 15,7 | 15,0 | 14,8 | 14,6 |
| Debt / Dweller (euros) | 5.213,0 | 5.058,3 | 5.096,7 | 5.159,2 |
| Debt / Current income (%) | 144,5 | 141,9 | 146,3 | 143,8 |
| Financial Load / Current Revenue (%) | 16,5 | 12,6 | 14,2 | 10,8 |
Total Autonomous Communities
| Ratios | 2T2021 | 3T2021 | 4T2021 | 1T2022 |
| Debt / GDP (%) | 26,9 | 26,5 | 25,9 | 25,1 |
| Debt / Dweller (euros) | 6.585,0 | 6.590,5 | 6.596,7 | 6.536,7 |
| Debt / Current income (%) | 177,3 | 166,8 | 169,1 | 164,6 |
| Financial Load / Current Revenue (%) | 30,4 | 28,8 | 25,0 | 21,8 |