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Fitch downgrades Spain's credit rating by three notches
Fitch says the downgrade reflects negative economic and market environment in Spain.
Fitch credit ratings agency has downgraded Spain’s rating by three notches citing the country’s banking crisis, mushrooming debt and recession as the main reasons for the downgrade.
The international agency announced on Thursday that it has cut Spain’s long-term foreign and local currency to ‘BBB’...
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