Moody’s Knocks Spain’s Credit Rating Down To Aa1

30 Sep 2010

Moody’s Investors Service downgraded Spain’s credit rating from AAA to Aa1 today, citing, in part, higher borrower needs and weak economic growth caused by the global financial crisis.

Moody’s Investors Service downgraded Spain’s credit rating from AAA to Aa1 today, citing, in part, higher borrower needs and weak economic growth caused by the global financial crisis. The rater said because of Spain’s determination to tackle its economic woes, however, Moody’s considers the rating stable and it ...

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