The ratings agencies Standard & Poor's and Fitch on Friday gave better marks on the creditworthiness of troubled eurozone countries Spain and Cyprus, dpa reported. Fitch raised Spain's credit rating one notch from BBB to BBB+ on its economic recovery and an expected decrease in its debt. The agency praised the reforms to the labor market, pension system and financial sector implemented by the government. S&P raised its rating on Cyprus also one notch from B- to B although that rating kept Cyprus' debt in what is considered junk territory. S&P said the better note was because the island state was fulfilling the demands of its international creditors. Fitch also raised its outlook for Italy from negative to stable. -- SPA 22:24 LOCAL TIME 19:24 GMT تغريد
