Spain’s Rating Raised to BBB+ by Fitch Citing Peak in Borrowing
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Spain’s credit rating was raised to BBB+ at Fitch Ratings, which forecast government debt will peak within two years.
The outlook for the rating is stable, Fitch said in a statement today. The one-level increase was from BBB, which is two steps above junk, and follows a similar decision by Moody’s Investors Service, which raised its grade by one level to Baa2 on Feb. 21.