S&P upgrades outlook on Spain from to stable from negative

FXstreet.com (Łódź) - Standard & Poor's Ratings Services announced on Friday its decision to revise its outlook on Spain to stable from negative, keeping however the country's credit rating at BBB-, just a level away from junk bond status.

The agency justified its decision saying that “Spain's external position is improving as economic growth gradually resumes” and adding that “other credit metrics are stabilizing, in our view, due to budgetary and structural reforms,
coupled with supportive Eurozone policies.”