Articles About Credit Rating Agency
- Author:
- Catalina Parada
- Posted:
- 11.15.2011
New Financial Hit to Spain: S&P Downgrades Its Credit Rating
Standard & Poor’s slashed Spain’s credit rating to AA-, three steps beneath the highly desirable AAA, underscoring the challenges facing Europe’s major powers as they meet G20 counterparts over the eurozone debt crisis. S&P, whose move mirrored that by fellow ratings agency Fitch, cited high unemployment, tightening credit and high private-sector debt. Spanish 10-year government […]