Rating

ICO's ratings are the same as the Kingdom of Spain:

ICO's ratings are the same as the Kingdom of Spain:

Table with information about ratings and reports.
Agencies LT Rating ST Rating Reports
Moody's Baa1/stable P-2 April 2020
Fitch Rating A-/stable F1  June 2020
DRBS A /stable R-1 (low) June 2020
S&P A/negative A-1 September 2020