Spain's Upgrade, Plunging Spreads & Firming Euro
Fitch upgraded its rating on Spain's sovereign credit by one notch to BBB+ joins the rank of Italy and Ireland and emerges 2 months following Moody's upgrade of Spain to Baa2, but remains comparably lower than that by Fitch. Standard & Poor's maintains its BBB- rating on Spain, which is not only the lowest for Spain among the three major agencies, but also the lowest within in the investment grade category. Full charts & analysis here.
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