Blogging from the Highlands of Scotland until I return to the Murcia region of Spain
in the Autumn for a month or so

'Fair and softly goes far' - Miguel de Cervantes

Thursday, 29 April 2010

Spain's credit rating down a notch

S&P, one of the three major ratings agencies, have down-graded Spain's debt by a notch to AA status (it was AA+ previously), with the additional mention of 'negative outlook'. Financing costs for Spain's debt have not so far been impacted negatively to any great degree.

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