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Economy
In reply to the discussion: STOCK MARKET WATCH -- Friday, 23 May 2014 [View all]xchrom
(108,903 posts)27. S&P RAISES SPAIN CREDIT RATING AS ECONOMY IMPROVES
http://hosted.ap.org/dynamic/stories/E/EU_SPAIN_RATINGS_UPGRADE?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2014-05-23-04-19-00
MADRID (AP) -- Standard & Poor's rating agency has upgraded Spain's sovereign credit grade a notch, the third agency to do so in recent months and a further sign the country is turning the corner after five years of economic turmoil.
The agency raised the grade to BBB from BBB-, citing improved economic prospects and praising the conservative government's structural and labor reforms since 2010.
Two other agencies, Moody's and Fitch, have also upgraded Spain this year.
Standard & Poor's also raised the country's average economic growth prediction for 2014-2016 to 1.6 percent from 1.2 percent.
MADRID (AP) -- Standard & Poor's rating agency has upgraded Spain's sovereign credit grade a notch, the third agency to do so in recent months and a further sign the country is turning the corner after five years of economic turmoil.
The agency raised the grade to BBB from BBB-, citing improved economic prospects and praising the conservative government's structural and labor reforms since 2010.
Two other agencies, Moody's and Fitch, have also upgraded Spain this year.
Standard & Poor's also raised the country's average economic growth prediction for 2014-2016 to 1.6 percent from 1.2 percent.
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