Wednesday, October 10, 2012

S&P cuts Spain credit rating to BBB-minus, near junk

http://www.reuters.com/article/2012/10/10/us-spain-standardandpoors-downgrade-idUSBRE8991MM20121010

Standard & Poor's on Wednesday cut Spain's sovereign credit rating to BBB-minus, just above junk territory, citing a deepening economic recession that is limiting the government's policy options to arrest the slide.

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