Moody's Investors Service on Wednesday revised the outlook on Spain's government bond rating to stable from negative, citing a rebalancing of and a brighter medium-term view for the country's economy.
Moody's also affirmed Spain's Baa3 government bond rating.
Among the key drivers behind the outlook revision, Moody's said in a statement, were "evidence of a sustained rebalancing of the Spanish economy and improving medium-term economic prospects, which supports Moody's view that Spain's public finances are on a slowly improving trend."
Source; Reuters
