Home » Posts tagged with "Standard and Poors"
S&P downgrades Spain's credit rating from BBB+ to BBB-
Rating agency Standard & Poor’s has downgraded Spain’s credit rating by two notches, warning that the deepening economic recession is limiting the government’s options.
S&P warned that rising unemployment and harsh austerity measures are likely to intensify social unrest and cause further friction between Spain’s central and regional governments.
“The downgrade...
Loading ...
