Fitch: Spanish Fundamentals Index Shows Recovery Holding Up

April 22, 2015 8:15 AM

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(The following statement was released by the rating agency) Link to Fitch Ratings' Report: Fitch Fundamentals Index - Spain (1Q15) here LONDON, April 22 (Fitch) The Fitch Spanish Fundamentals Index shows that recovery across key sectors in the economy is holding up, although there are still underlying challenges, Fitch Ratings says.

The Spanish Fitch Fundamentals Index remained unchanged at +6 in 1Q15. Positive trends in new credit strengthened during the quarter, while ABS performance declined. Trends in mortgage and SME performance, unemployment and transportation remained strongly positive. New bank credit extended to borrow...

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