Fitch also notes the rating of Spain – Le Figaro

After Moody’s in February, the rating agency Fitch raised Friday note attached to the debt of Spain by one notch to ‘BBB +’, noting that the country risks “fell” from the peak voltage reached in 2012. Agency accompanying this note a “stable” outlook, meaning that it does not intend to change in the coming months.

“The risks associated with the creditworthiness of Spain declined since its credit rating was lowered to ‘BBB’ in June 2012, “Fitch wrote in a statement. “Financing conditions have improved, the economic outlook is safer and the risk that Spanish banks represent an additional burden on the sovereign debt fell,” wrote the agency.

Fitch also highlights the “solid” effort by Spain to reduce its public deficit, which had exploded to 11% of GDP in 2009 and was brought back, besides helping banks to 6.6% of GDP at end 2013, in line with the target set with Brussels (6.5%).