Three Spanish Banks Downgraded

03 Jul 2013

Moody’s Investors Services has downgraded Catalunya Banc and NCG Banco—two nationalized Spanish banks—and Bankia with a negative outlook because of “very vulnerable” credit profiles.

Moody’s Investors Services has downgraded Catalunya Banc and NCG Banco—two nationalized Spanish banks—and Bankia with a negative outlook because of “very vulnerable” credit profiles.

Click here to read the story from The Financial Times.

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