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Moody's gives a thumbs up to debt-laden Spain

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Moody's gives a thumbs up to debt-laden Spain

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Ratings agency Moody’s has raised its outlook for Spain’s economy from “negative” to “stable”.
It follows a similar move last week by Standard and Poor’s.

Despite its debts and an unemployment rate of 26 percent Spain is said to be emerging from a two-year recession, with export growth and companies becoming more confident.