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Spain With Greece Win Higher Debt Ratings on Growth Outlook

Spain’s credit rank was raised by Standard & Poor’s, while Fitch Ratings increased Greece’s grade, as the economic outlooks improve for countries that were at the heart of Europe’s sovereign debt crisis.

S&P lifted Spain’s long-term rating one level to BBB, the second-lowest investment grade. Fitch boosted Greece’s long-term rank one step to B, it said in a statement. The new level is five steps below investment grade. Moody’s Investors Service is also scheduled to review its ratings for France, the U.K. and Slovenia today.