Moody's ups outlook on Spain to stable.

Moody's has joined S&P and lifted its outlook on Spain to stable from negative, citing three reasons: indications of a "sustained rebuilding" of the economy and an improved outlook for the medium term; a "material decrease" in risks to Spain's market access and to contagion from other parts of the eurozone; and a significant fall in contingent liabilities in the banking sector. Moody's also affirmed its rating on Spain at Baa3.