Fitch downgrades Spains debt rating

29th May 2010, Comments 0 comments

Ratings agency Fitch downgraded Spain’s debt Friday due to Spain’s austerity measures which are seen as a threat to the country’s economic growth. “The downgrade reflects Fitch’s assessment that the process of adjustment to a lower level of private sector and external indebtedness will materially reduce the rate of growth of the Spanish economy over the ...

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