Spain outlook downgraded as 10 year bond looms

By Lewis McLellan
21 Sep 2020

Spain, which is said to be readying a 10 year deal will have to contend with S&P's decision to change its ratings outlook for the country to negative on Friday. However, its secondary curve has not been badly affected.

“The country’s GDP will not return to 2019 levels until 2022,” according to S&P. 

The ratings agency affirmed Spain’s credit rating at A for long term debt and A-1 for short term debt. It lowered the outlook from stable to negative, saying that downgrades were possible “over the next ...

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