Spain’s Outlook Raised to Stable at S&P; Netherlands Cut

Spain’s debt outlook was raised to stable from negative by Standard & Poor’s, which cited a resumption in economic growth, reducing chances the ratings company would cut the nation’s score to junk.

The ratings company also lowered the Netherlands to AA+ from AAA, citing weaker growth prospects than previously anticipated. That reduces the number of countries with top grades from all three main ratings companies to 10. S&P also raised its score for Cyprus to B- from CCC+.