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Fitch Affirms Spain at 'BBB+'; Outlook Stable
Fitch Ratings has affirmed Spain's Long-term foreign and local currency IDRs at 'BBB+'. The Outlooks are Stable. The issue ratings on Spain's senior unsecured foreign and local currency bonds have also been affirmed at 'BBB+'. The Country Ceiling has been affirmed at 'AA+' and the Short-term foreign currency IDR at 'F2'. KEY RATING DRIVERS The Spanish economy is recovering strongly, enhancing confidence in its successful adjustment within the eurozone. Growth accelerated further since the last rating review in October 2014 and reached 2% in 4Q14, over-performing not only the eurozone, but also Germany. Fitch ... (full story)