Ratings and Debt Data

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.

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. 

(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 12,6% in the fourth quarter of 2023.