Standard & Poor's puts Spain credit rating just above junk status

Standard & Poor's is downgrading Spain's credit rating two notches to the agency's lowest investment-grade level.

Standard & Poor's puts Spain credit rating just above junk status
Thu, 11 Oct, 2012 - 08:02

Standard & Poor's is downgrading Spain's credit rating two notches to the agency's lowest investment-grade level.

S&P says it is lowering its rating on debt issued by Spain from BBB+ to BBB-. It also assigned a negative outlook to the rating, meaning it could be further downgraded.

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