S&P Raises Outlook on Spain

MADRID—Credit ratings firm Standard & Poor’s raised Spain’s sovereign debt rating outlook Friday to stable from negative, a step that removes the danger of a downgrade to junk territory for the euro zone’s fourth-largest economy.
Spanish markets were buoyed by the upgrade, with the IBEX 35 pushing 0.52% higher by early afternoon while bond yields eased. Yields fall as prices rise.
S&P was in recent years the most…

Original post: S&P Raises Outlook on Spain