Fitch Ratings-London-29 July 2016: Fitch Ratings has affirmed Spain's Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) at 'BBB+' with a Stable Outlook. 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 and Local Currency IDRs at 'F2'. The issue ratings on Spain's Short-Term Foreign Currency commercial paper have also been affirmed at 'F2'. KEY RATING DRIVERS The IDRs and Outlook balance Spain's high value-added economy, strong economic recovery, ongoing financial ... (full story)