(Reuters) – Standard & Poor’s announced Friday raise the rating of Spain and Fitch Ratings did the same with that of Greece.
Standard & Poor’s has put together the rating of Spain by one notch, from BBB-to BBB, citing the best economic prospects. “The outlook is stable, reflecting our opinion that the following risks associated with ratings of Spain remain balanced in the next two years,” said S & P in a statement. S & P also noted that the short-term rating of A-3 to A-2, has revised upwards its forecast for average growth in real GDP from 2014 to 2016, the carrying 1.2% to 1.6% as a result of various reforms in the country.Fitch for its part, went up the rating of Greece one notch too, from B-to B, putting highlight improving public finance policy. Note also with a stable outlook.
Standard & Poor’s has confirmed the ratings long and short term the Netherlands at AA + / A-1 +, and those of Turkey or BB + / B, but the first carry a stable outlook, while seconds remain assigned a negative outlook.The agency estimates that the Dutch government will continue to consolidate its fiscal position and Turkey for its part sees its economic situation is gradually rebalance growth through better export.
S & P noted a Dutch economy “healthy, diversified and competitive, evidenced by a strong external position and a high per capita GDP.”
She explained that his notes take both into account a traditionally conservative and flexible as well as impose constraints to growth prospects in the future macroeconomic policy. To Regarding Turkey, S & P explained that the negative outlook is justified by persistent risks to the economic outlook. The Turkish central bank surprised markets Thursday by announcing its first rate cut in a year, a few weeks after Prime Minister Tayyip Erdogan had called his wishes such a measure, boosting the conjectures of eventual political pressure that would put on the issuing institution. (Ian Chua, Wilfrid Exbrayat for the French service)
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