The Autonomous Community of the Canary Islands maintains its credit rating at ‘A+’ with a stable outlook, according to the latest report published by the agency Standard & Poor’s, which reinforces market confidence in the solvency and financial stability of the Canary archipelago.
The report places Canarias among the regions with the best credit profile within the autonomous system, relying on a solid budgetary performance, a low and decreasing debt burden, and an exceptional liquidity position.
The rating agency indicates that Canarias has maintained in 2025 an operational balance higher than 5% of revenues, along with generally balanced budgets.
Looking ahead to the 2026-2028 period, it is expected that the autonomous community continues to register solid operating surpluses and a stable budgetary evolution, thus consolidating the financial position.
Furthermore, the independent credit profile of the Canary Islands (evaluates intrinsic solvency) stands at ‘aa-’, which reflects a strength superior to its final rating, limited only by the State's rating, which no autonomous community can exceed.
One of the most notable elements of the report is the evolution of public debt. The Canary Islands presents the lowest level of indebtedness among the autonomous communities of common regime, standing at 58% of operating income at the close of 2025. Forecasts indicate that this trend will continue in the coming years, thanks to income growth and the maintenance of budget surpluses.
The report also highlights the liquidity position of the Canary Islands, rated as exceptional, with cash reserves exceeding 100% of debt service. This allows the autonomous community to face possible treasury tensions with solvency and maintain solid access to financial markets, combining bank financing and debt issuance.
The positive rating from S&P indicates that no significant changes are expected in the short term and that the Canary Islands will continue to maintain responsible economic management. In summary, the data points to a community that is in a strong and stable financial position.