Showing posts with label Sand P. Show all posts
Showing posts with label Sand P. Show all posts

Thursday, June 14, 2012

Moody's slashes Spain debt ratings three notches


(Reuters) - Credit ratings agency Moody's Investors Service cut its rating on Spanish government debt on Wednesday by three notches to Baa3 from A3, saying the newly approved euro zone plan to help Spain's banks will increase the country's debt burden.
A Spanish flag flutters in the wind in central Madrid June 11, 2012. REUTERS/Andrea Comas
Moody's, which also said it could lower Spain's rating further, cited the Spanish government's "very limited" access to