Tue, 13 Dec 2011 08:16:04 GMT
Eight Spanish banks placed for possible downgrade
On Monday Moody's Investors Service placed 8
Spain's banks and 2 holding companies on assessment for potential downgrades.
The action was provoked by Moody's revaluation of all Spanish financials which
denoted a forecast drop in earnings creation capacity caused by lowered
economic outlook for Spain. Possible downgrades are also bolstered by the fact
that many Spanish financials are exposed to commercial real estate losses.