Just a quick note on the hard working ladies and gentlemen at ratings agencies
Over the weekend (OK, it was late Friday but it was the weekend for me!) ...
Fitch upgraded Spain's sovereign debt rating
- long-term debt rating one notch to "A-" with a stable outlook
- cited growing economy, improving fiscal situation
- economic impact of Catalonia effort to declare independence last month have been "limited" ...
- but the political standoff will weigh on growth
Greece got the thumbs up too - S&P raised the rating on Greek government debt a notch
- to "B" from "B-" with a positive outlook
- "The upgrade reflects Greece's steadily improving general government finances and its gradually recovering economic prospects"
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ps. I meant to post this hours ago but it slipped through the cracks.
