File - A bank employee counts Euro notes at Kasikornbank in Bangkok October 12, 2010. (REUTERS/Sukree Sukplang)
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Ratings agencies gave a broadly upbeat assessment of the eurozone's creditworthiness Friday, contrasting sharply with reviews of recent years and reflecting growing confidence in the region's fiscal and economic recovery.On a day of credit updates scheduled for three of the bloc's top four economies, Standard & Poor's affirmed its ratings on France, while Fitch raised its outlook on Italy and was expected to boost its view of Spain after Europe's markets close.S&P also raised its rating on Cyprus, suggesting the recovery is spreading to the peripheral regions left most exposed to the eurozone's financial crisis, in what was its second upgrade of the bailed-out country since it came close to financial collapse last year.During a wave of eurozone credit downgrades during the financial crisis, policymakers and economists blamed ratings agencies for exacerbating investor flight from the region – blame the agencies say is misplaced.
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