BRIEF-Fitch Says Affirms Spain At 'A-' Outlook Stable

BY Reuters | CORPORATE | 05/17/24 05:09 PM EDT

May 17 (Reuters) - FITCH:

* FITCH SAYS AFFIRMS SPAIN AT 'A-'; OUTLOOK STABLE

* FITCH ON SPAIN SAYS EXPECT THAT WITH CENTRE-LEFT GOVERNMENT (PSOE-SUMAR), FISCAL POLICY WILL CONTINUE TO FAVOUR INCREASED SOCIAL SPENDING

* FITCH ON SPAIN SAYS NEAR-TERM MACROECONOMIC OUTLOOK TO SUPPORT REVENUE GROWTH, BUT MORE MEASURES LIKELY TO BE REQUIRED TO SUPPORT FISCAL CONSOLIDATION Source text for Eikon:

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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