S&P downgrades Spain's largest lenders

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters
Standard & Poor's trimmed its credit ratings on Banco Santander SA (SAN) and Banco Bilbao Vizcaya Argentaria SA (BBVA), Spain's major lenders, together with nine other banks after decreasing country's sovereign rating to BBB-/A-3 last week, S&P reported on Tuesday. The agency downgraded Santander's long-term counterparty credit rating from A- to BBB-.
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