Fitch Publishes New Economic Index on Spain

NEW YORK--()--Link to Fitch Ratings' Report: The Fitch Fundamentals Index - Spain (Overview and Review of Specific Subcomponents)

Today Fitch published 'The Fitch Fundamentals Index - Spain, Overview and Review of Specific Subcomponents', the companion methodology report to the inaugural 'Fitch Fundamentals Index - Spain' fourth quarter report also published today.

The FFI is an alternative economic indicator utilizing proprietary Fitch data that focuses on credit performance indicators and their drivers to provide additional depth and perspective to a wide range of constituents interested in the current and future trajectory of the economy. The FFI incorporates basic statistics to provide an objective basis for classifying movements in the underlying fundamental indicators.

More specifically, the year-over-year percentage change in each subcomponent for the current quarter is compared to historical data to provide the context for determining where, along Fitch's five-category scale, each subcomponent (and therefore the aggregate index) falls for that quarter. This methodology factors in directional changes in the underlying series, such as from rising delinquencies to falling delinquencies, and inflection points that reflect a change in the rate of growth or decline.

Additional information is available at 'www.fitchratings.com'.

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.

Contacts

Fitch Ratings
Jim Batterman, +1-212-908-0385
or
Bill Warlick, +1-312-368-3141
or
Media Relations
Pilar Perez, +34 93 323 8414 (Barcelona)
pilar.perez@fitchratings.com

Contacts

Fitch Ratings
Jim Batterman, +1-212-908-0385
or
Bill Warlick, +1-312-368-3141
or
Media Relations
Pilar Perez, +34 93 323 8414 (Barcelona)
pilar.perez@fitchratings.com