Rating Agencies Announce Improvement of Spain's Economy
1/8/2014
​The three major financial risk rating agencies, Ficht, Moody’s y Standard&Poor, have revised upwards their forecast of the Spanish economy, which has been changed to Stable (BBB).
Their most recent evaluation of Spain shows improvement in the economic and financial indicators during the year 2013-13, which they attribute to fiscal consolidation and to the significant reforms in the work market, in the retirement allowances’ system and in the financial sector carried out by the Spanish Government. All this has contributed to the strong growth in productivity, exports and competitiveness of the Spanish companies in the world.
Moody’s report notes as well that Spain has come out of recession earlier than forecast by its prior evaluation.

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