Fitch upgrades Spain outlook to stable, affirms 'BBB' rating

A flag is reflected on the window of the Fitch Ratings headquarters in New York in this Feb 6, 2013, file photo. Fitch Ratings said Friday it was upgrading Spain's outlook to "stable" thanks to progress in reforms and improved export performance, and
A flag is reflected on the window of the Fitch Ratings headquarters in New York in this Feb 6, 2013, file photo. Fitch Ratings said Friday it was upgrading Spain's outlook to "stable" thanks to progress in reforms and improved export performance, and affirmed the euro zone country's 'BBB' investment-grade rating. -- FILE PHOTO: REUTERS

PARIS (AFP) - Fitch Ratings said Friday it was upgrading Spain's outlook to "stable" thanks to progress in reforms and improved export performance, and affirmed the euro zone country's 'BBB' investment-grade rating.

"Spain has improved its policy track record," said Fitch in a statement, adding that significant reforms "should put the economy on a surer footing".