Spain's borrowing costs rose after credit downgrade

Note: This section contains information in English only.
Source: BBC
Spanish borrowing costs soared after Moody's lowered the sovereign credit rating by three notches, putting the country one notch above junk status. The credit rating agency reported that rising debt burden of the country increased fears that Spain may be unable to meet its financial obligations. The yield on bonds with 10-year maturity attained 6.854%, the level considered to be unsustainable in long term.


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