Standard & Poor’s lowered the long and short term credit ratings on Spain. The long term credit rating was lowered from BBB+ to BBB- with a negative outlook. The short term credit rating was lowered from A-3 to A-2. The downgrade was partially due to political and economic concerns.
To visit the Standard & Poor’s site, please click here:
http://www.standardandpoors.com/ratings/articles/en/us/?assetID=1245341838856
James Sutliff