Credit rating agency Moody’s has improved Spain’s credit rating, moving it from a Baa2 to a Baa1.
The agency made the decision based upon national economic performance, as well as medium term forecasts. This was the first report on the nations financial situation made by Moody’s since Febrary 2016.
The increase is the latest from a number of other ratings agencies. Fitch, S & P and DBRS have all raised their credit ratings for the country over the last few months.
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