Fitch: Spain upgraded to "BBB+"
25.04.2014
19:34
With a stable outlook
The long term solvency of Spain was upgraded to BBB+ from BBB by Fitch Ratings on Friday, keeping its "outlook" constant.
The announcement given by the ratings agency states that the upgrade reflect the fact that the dangers of Spain's creditworthiness have dropped since 2012, when the country was downgraded to BBB.
It should also be noted that financing conditions have improved, the economic outlook is more stable and the risk of additional charge by banks has deteriorated.
The announcement given by the ratings agency states that the upgrade reflect the fact that the dangers of Spain's creditworthiness have dropped since 2012, when the country was downgraded to BBB.
It should also be noted that financing conditions have improved, the economic outlook is more stable and the risk of additional charge by banks has deteriorated.
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