January 19, 2018 / 9:24 PM / in 10 months

BRIEF-Fitch Says Upgrades Spain To 'A-' Outlook Stable

Jan 19 (Reuters) - Fitch:

* FITCH SAYS UPGRADES SPAIN TO ‘A-‘; OUTLOOK STABLE

* FITCH SAYS SPAIN IS CONTINUING TO BENEFIT FROM REDUCTION IN MACROECONOMIC IMBALANCES UNDERPINNED BY STRONG, RELATIVELY BROAD-BASED, ECONOMIC RECOVERY

* FITCH ON SPAIN - ‍EVENTS AROUND CATALONIA GOVERNMENT’S DECLARATION OF INDEPENDENCE UNDERSCORED POLITICAL RISK BUT ECONOMIC IMPACT HAS SO FAR BEEN LIMITED​

* FITCH SAYS CONTINUE TO VIEW CATALONIA’S SECESSION FROM SPAIN AS “VERY UNLIKELY”

* FITCH SAYS ‍DOES NOT OBSERVE POLICY PACKAGE BEING DEVELOPED TO FORM BASIS OF MUTUALLY ACCEPTABLE DEAL IN NEAR TERM BETWEEN SPAIN & CATALONIA REGIONAL GOVERNMENTS​

* FITCH, ON CATALAN INDEPENDENCE, SAYS THERE IS POTENTIAL FOR FURTHER FLASHPOINTS, WITH RISK OF HEIGHTENED TENSIONS HAVING MORE IMPACT ON SPANISH CREDIT FUNDAMENTALS Source text for Eikon:

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