Moodys issues warning to Spain

1st July 2010, Comments 0 comments

Moody’s Investors Service has issued a statement Wednesday, warning that it may downgrade Spain’s AAA ratings as a result of deteriorating economic conditions. Moody’s has warned the rating cut may involve one or two notches. “Spain’s growth prospects are weaker than those of other Aaa-rated sovereigns,” said Kathrin Muehlbronner, a Moody’s vice president and lead analyst ...

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