Economy

xchrom

(108,903 posts)

49. S&P upgrades Spain's economic outlook

Fri Nov 29, 2013, 10:54 AM

Nov 2013

http://www.bbc.co.uk/news/business-25150368

The economic outlook for Spain has improved, says ratings agency Standard and Poor's (S&P).

The debt-laden country, whose banks came under severe pressure during the financial crisis, has been struggling to improve its public finances.

S&P raised its assessment from negative to stable and re-affirmed its BBB- long-term sovereign credit rating.

However, S&P cut its credit rating for the Netherlands from the top-level AAA rating to AA+.

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