The changes that had occurred in the Spanish debt market, the intemationalization of the Spanish Economy and the financial uncertainty, have influenced the level and the shape of the public debt yield curve. The purpose of this paper is to examine the determinants of the differential between...

Using Discriminant Analysis, we carry out an assessment of Moody's and Standard & Poor's ratings of Spanish Regional Governments' debt. We set out four models. The first only includes budgetary variables. The outcome points out Andalusia and Valencia regions have had the tightest budgetary...