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'Blog Archive ? Rating cut puts Spain back on crisis radar' expats


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Blog Archive ? Rating cut puts Spain back on crisis radar

-- expats
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10/14/11 10:11
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Blog Archive ? Rating cut puts Spain back on crisis radar

Thank author of this post/comment14-Oct (Reuters) ' Standard & Poor's cut Spain's credit rating Friday, sending the euro briefly lower and underlining the challenges facing Europe's major powers as they meet G20 counterparts over the euro-zone debt crisis. S&P, whose move mirrored that by fellow ratings agency Fitch last week, cited high unemployment, tightening credit and high private-sector debt among reasons for cutting the nation's long-term rating to AA- from AA. [ source ] Share.

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