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Username: colin_twiggs

Post Number: 584
Registered: 06-2009

Rating: N/A
Votes: 0

Thursday, April 29, 2010 - 06:28 am:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)


* In our opinion, Spain is likely to have an extended period of subdued economic growth, which weakens its budgetary position.
* We are lowering our long-term rating on the Kingdom of Spain to 'AA' from 'AA+'.
* The negative outlook reflects the possibility of a downgrade if Spain's budgetary position underperforms to a greater extent than we currently anticipate.

Spain Downgraded To 'AA' On Protracted Economic Adjustment And Risks To Budgetary Position; Outlook Negative
MADRID (Standard & Poor's) April 28, 2010

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