S&P, Fitch and Moody's do not raise Spain's rating further due to the "political deadlock", despite economic growth

Major credit rating agencies S&P, Fitch, and Moody's have opted against upgrading Spain's sovereign credit rating, citing ongoing political gridlock despite the country's positive economic growth.

While the European agency Scope upgraded Spain's rating on Friday, it merely brought it in line with the low 'notable' grade already assigned by the other major international agencies.