Spain downgrade

Spain's credit rating kept at investment-grade level

Moody's Investors Service left Spain's credit rating at investment-grade level, although it assigned a negative outlook due to persistent risks.

Oct 18, 2012, 13:13 PM IST

S&P downgrades Spain credit rating to BBB-, near junk

Standard & Poor's on Wednesday downgraded Spain's credit rating by two notches to BBB-minus, just above junk territory.

Oct 11, 2012, 09:14 AM IST

No more cuts coming, says Spanish minister

Economy Minister Luis de Guindos has said in an interview that although Spain is finally asking for help from the European rescue fund there will be no new cuts or tax increases because those the govenment has already approved "will be enough" to reduce the deficit.

Aug 06, 2012, 10:20 AM IST

Moody's downgrades Spain's debt rating to Baa3

Credit ratings agency Moody's Investors Service on Wednesday downgraded Spanish government's credit rating by three notches to Baa3 from A3, which leaves it in investment-grade status but just one notch above junk.

Jun 14, 2012, 09:02 AM IST

EU ready to act as Spain downgraded by 3 notches: Merkel

Without waiting for a widely expected EU rescue, credit ratings agency Fitch cut Spain's sovereign rating to BBB from A with a negative outlook, saying Madrid was especially vulnerable to a worsening of the eurozone debt crisis.

Jun 08, 2012, 09:36 AM IST

Spain downgrade ups pressure on EU to act

A double-notch downgrade to Spain's credit ratings has piled more pressure on European leaders to make rapid progress on solving the region's debt crisis or face unbearable borrowing costs.

Oct 19, 2011, 13:53 PM IST

Asian stocks rise, but Moody's Spain cut weighs

Asian shares rose on Wednesday, but gains were capped by a cut to Spain's sovereign credit rating from Moody's Investors Service that kept investors' risk appetite in check.

Oct 19, 2011, 09:38 AM IST

Moody's cuts Spain by 2 notches, sees funding risks

Moody's Investors Service on Tuesday cut Spain's sovereign ratings by two notches, saying high levels of debt in the banking and corporate sectors leave the country vulnerable to funding stress.

Oct 19, 2011, 09:08 AM IST

S&P downgrades Spain by one notch

The rating agency cited Spain's high unemployment, tightening credit and high privatesector debt among reasons for cutting the nation's longterm rating to AA from AA.

Oct 14, 2011, 09:42 AM IST

Fitch cuts Italy, Spain ratings; outlook negative

Fitch Ratings on Friday cut Italy's sovereign credit rating by one notch and Spain's by two, citing a worsening of the euro zone debt crisis and a risk of fiscal slippage in both countries.

Oct 08, 2011, 08:17 AM IST