Moody's lowers Spain's rating to Aa1

30th September 2010, Comments 0 comments

Ratings agency Moody's lowered Spain's AAA top rating down a notch to Aa1 on Thursday.

"Moody's Investors Service has today downgraded Spain's local and foreign currency government bond ratings by one notch to Aa1 from AAA," it said in a statement.

"The outlook on the ratings is stable," the statement added.

© 2010 AFP

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