BBC News - Moody's downgrades Spain's credit rating: "outlook for the troubled Spanish economy took another turn for the worse on Thursday.
Spain has lost its last triple-A credit rating with the major rating agencies, following a downgrade from Moody's.
The agency downgraded Spanish debt by one level to Aa1, following similar moves by Fitch and Standard & Poor's earlier this year.
This will make it more expensive for Spain to borrow on the international markets as it tries to cut its deficit which stands at some 9.3% of GDP"
Spain has lost its last triple-A credit rating with the major rating agencies, following a downgrade from Moody's.
The agency downgraded Spanish debt by one level to Aa1, following similar moves by Fitch and Standard & Poor's earlier this year.
This will make it more expensive for Spain to borrow on the international markets as it tries to cut its deficit which stands at some 9.3% of GDP"
