Please Share:: 
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Spain’s Credit Rating cut to AA- by S&P on weaker growth outlook
S&P has cut Spain’s credit rating to AA- yesterday on account of weaker growth outlook for
the third time in three years. The country has been witnessing slowdown in growth and also
the increasing defaults have put in danger the banks and challenged the efforts to curtail
Europe sovereign debt crisis.
The rating agency maintains its negative outlook on Spain due to weak economic growth
outlook and foresees further fall in the nations’ bank assets leading to higher
unemployment levels. Also, Fitch had downgraded Spain’s rating agency to the same level
as S&P on October 7, 2011 citing similar reasons.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Spain’s Credit Rating cut to AA- by S&P on weaker growth outlook
S&P has cut Spain’s credit rating to AA- yesterday on account of weaker growth outlook for
the third time in three years. The country has been witnessing slowdown in growth and also
the increasing defaults have put in danger the banks and challenged the efforts to curtail
Europe sovereign debt crisis.
The rating agency maintains its negative outlook on Spain due to weak economic growth
outlook and foresees further fall in the nations’ bank assets leading to higher
unemployment levels. Also, Fitch had downgraded Spain’s rating agency to the same level
as S&P on October 7, 2011 citing similar reasons.
No comments:
Post a Comment