28 Apr 2014
Economic outlook is improving in Spain – Danske Bank
FXStreet (Edinburgh) - Morten Helt, Senior Analyst at Danske Bank, remarks the recent improvement in the Spanish economy.
Key Quotes
“Late Friday, Fitch upgraded Spain’s long-term ratings to 'BBB+' from 'BBB' with a stable outlook”.
“The revision reflects that risks to Spain's creditworthiness have decreased since the sovereign was downgraded to 'BBB' in June 2012”.
“Financing conditions have improved, the economic outlook is more certain and the risk of Spanish banks posing an additional burden on the sovereign has diminished, Fitch says”.
Key Quotes
“Late Friday, Fitch upgraded Spain’s long-term ratings to 'BBB+' from 'BBB' with a stable outlook”.
“The revision reflects that risks to Spain's creditworthiness have decreased since the sovereign was downgraded to 'BBB' in June 2012”.
“Financing conditions have improved, the economic outlook is more certain and the risk of Spanish banks posing an additional burden on the sovereign has diminished, Fitch says”.