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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:
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Yields Continue to Fall in Spain
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Spain Said to be Clost To Formal Bailout Request
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European Manufacturing PMI's Uptick in September
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Stress Tests on Spanish Banks Show...
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German IFO Business Climate Index Continues Slide
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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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