Spain Credit Rating Cut by S&POctober 10, 2012 @ 4:53 PM EST
Europe Update: Spain Sovereign Debt Rating Downgraded
Standard & Poor’s has downgraded the sovereign credit rating of Spain to BBB- from BBB+
S&P says the outlook is negative, meaning that additional downgrades are possible going forward.
Note that BBB+ is the lowest rating still considered “investment grade.”
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iShare Spain - Last 12 Month
Other stories on Europe to review:
Yields Continue to Fall in Spain
Spain Said to be Clost To Formal Bailout Request
European Manufacturing PMI's Uptick in September
Stress Tests on Spanish Banks Show...
German IFO Business Climate Index Continues Slide
German Industrial Production Improves in July
ECB to Launch Unlimited Bond Buying Program
Eurozone Services PMI Remain Weak
- Moody's Cuts EU Outlook
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