fitch upgrades spain credit rating
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Fitch upgrades Spain credit rating

Arab Today, arab today

Arab Today, arab today Fitch upgrades Spain credit rating

Madrid - AFP

Fitch Ratings upgraded Spain's sovereign credit on Friday, pointing to the nation's lower borrowing costs, brighter economic outlook and sturdier banks. Spain's creditworthiness score was lifted to BBB-plus from BBB, indicating the country has a "good credit quality" with a low risk of defaulting on its foreign borrowing. The outlook for the rating was stable, it said. "Risks to Spain's creditworthiness have decreased," Fitch said in a statement. "Financing conditions have improved, the economic outlook is more certain, and the risk of Spanish banks posing an additional burden on the sovereign has diminished." Spain escaped a two-year downturn in mid-2013, bringing an end to five years of stop-start recession triggered by the implosion of a decade-long property bubble in 2008. In the first three months of this year, the eurozone's fourth largest economy grew at a quarterly rate of 0.4 percent, according to initial Bank of Spain data -- the fastest rate in six years. Fitch praised Spain's "strong" deficit-cutting record carried out in the teeth of recession and fierce public protest. Spain's government hailed Fitch's decision noting that it was the second credit rating upgrade since Moody's Investors Service did the same in February. "We highly value these advances, especially the recognition of the government's commitment to reform," the Economy Ministry said in a statement. "The continuity of these reforms will bolster the economic recovery, which will help to contain the deficit and allow a net creation of employment this year," the ministry said.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

fitch upgrades spain credit rating fitch upgrades spain credit rating

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

fitch upgrades spain credit rating fitch upgrades spain credit rating

 



GMT 03:07 2017 Wednesday ,25 January

Health care veterans, pioneers awarded

GMT 05:44 2017 Saturday ,11 November

Business as usual as Hamilton dominates Brazil practice

GMT 11:08 2018 Thursday ,25 October

Russia to be at very high level at conference on Libya

GMT 15:00 2012 Saturday ,21 April

Nelly Karim: Egypt akin to \'Hiya Fawda\'

GMT 03:02 2018 Saturday ,20 January

Egypt's President Sisi says will stand for re-election

GMT 00:51 2017 Tuesday ,24 October

HH the Emir Meets Foreign Minister of Kuwait

GMT 05:42 2017 Saturday ,02 September

64 dead in clashes in Raqa province

GMT 00:08 2017 Sunday ,05 March

Desperate migrants escape Libya 'hell'

GMT 19:24 2016 Saturday ,12 November

Israeli air forces attack Syrian position in Qunaitera
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday