Moody’s downgrades Spain’s sovereign debt three notches

MADRID, June 13 (Xinhua) — International rating agency Moody’s downgraded on Wednesday the Spanish sovereign debt from A3 to Baa3 with a negative outlook. Moody’s explained that the bailout the Spanish government is intended to ask is one of the main reasons of this decision as the move will increase the debt of the country. […]

14 June , 2012Comments Off on Moody’s downgrades Spain’s sovereign debt three notchesRead More