July 21, 2017 / 8:32 PM / 8 months ago

BRIEF-Fitch says revised outlook on Spain's long-term foreign, local-currency IDRs to positive from stable ‍​

July 21 (Reuters) - Fitch:

* Fitch says revised outlook on Spain’s long-term foreign- and local-currency IDRs to positive from stable and affirmed the IDRs at ‘BBB+’‍​

* Fitch, on Spain, says near-term budget implementation risks have reduced, and Fitch expects faster deficit reduction in 2017 than in recent years

* Fitch says Spain’s country ceiling has been affirmed at ‘AA+’ and the short-term foreign and local currency IDRs at ‘f2’‍​

* Fitch, on Spain, says economic recovery remains strong and relatively broad-based, with some further progress made in reducing macroeconomic imbalances

* Fitch, on Spain, says "expect tensions between the central and Catalonia regional government to increase over the next few months" Source text (bit.ly/2tOkD5j)

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