Standard & Poor's upgrades its outlook for ICO from stable to positive

Standard & Poor's upgrades its outlook for ICO from stable to positive

This improvement is linked to a similar revision, on 31 March, of the outlook for the Kingdom of Spain.
 
The credit rating agency Standard & Poor's has upgraded the outlook for ICO from stable to positive. This improvement is the result of a similar revision, on 31 March, of the outlook for the Kingdom of Spain, since ICO is explicitly, directly, unconditionally and irrevocably guaranteed by the state.
 
Standard & Poor's has confirmed ICO's long-term issuer credit rating as BBB+ and its short-term issuer credit rating as A-2.