Spain’s Rating Raised to Baa2 by Moody’s Amid Structural Changes
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Spain’s credit rating was raised to Baa2 at Moody’s Investors Service, which cited a rebalancing of the economy toward more sustainable growth and progress made in implementing structural reforms.
The outlook for the rating is positive, Moody’s wrote in a statement yesterday. The one-level increase was from Baa3, which is one step above junk.