Spain Credit Ratings Lowered –

Standard & Poor’s lowered the credit rating of Spain to BBB+ from A.  The two notch downgrade is partially due to the risks associated with the government debt.  In addition, Standard & Poor’s discusses concerns relating to budget projections and the banking sector.  The ratings downgrade also mentions scenarios that could lower the ratings or improve the outlook.

To visit the Standard & Poor’s site, please click here:

Jim Sutliff

This entry was posted in Banking, Bonds, Economic News, General, Investments, Trading. Bookmark the permalink.