Spain downgraded amid talk of bail-out-lite
Jun 8, 2012 6:52:46 GMT -5
Post by popcorn on Jun 8, 2012 6:52:46 GMT -5
Spain downgraded amid talk of bail-out-lite 
BRUSSELS - The Fitch ratings agency on Thursday (7 June) downgraded Spain to close to bail-out territory due to its banking troubles, uncertainty surrounding Greece and "policy missteps at European level."
Fitch cut the Spanish rating by three notches to "BBB," just one level above so-called non-investment grade status which indicates a high risk of default.
euobserver.com/19/116544
BRUSSELS - The Fitch ratings agency on Thursday (7 June) downgraded Spain to close to bail-out territory due to its banking troubles, uncertainty surrounding Greece and "policy missteps at European level."
Fitch cut the Spanish rating by three notches to "BBB," just one level above so-called non-investment grade status which indicates a high risk of default.
euobserver.com/19/116544