Moody's upgrades Spain's government bond rating to Baa2

Fri Feb 21, 2014 5:26pm EST

Feb 21 (Reuters) - Moody's Investors Service upgraded Spain's government bond rating to Baa2 from Baa3, citing a rebalance of the economy and the government's improving funding conditions.

Moody's also assigned a "positive" outlook on the rating and said it expected improvement in the economy to continue. ()

Interest for Spain's sovereign debt has grown steadily since the height of the euro-zone debt crisis in the summer of 2012 when yields on its benchmark 10-year bond rose to over 7.5 percent.

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