S&P cut Spain's credit rating

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters
Standard & Poor's cut Spain's debt rating to one notch above junk, citing increasing political and economic risks as the nation's government considers a second bailout. Spain was downgraded 2 levels from BBB+ to BBB-. The downgrade comes with a negative outlook to the long-term rating. Besides, S&P cut the short-term sovereign level from A-2 to A-3.
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