Moody's to cut Spain's banks later on Monday

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Source: Marketawatch
Moody's Investors Service is set to cut ratings of many Spanish banks later in the day, probably after the US stock market will be closed at 21:00 GMT, according to Expansion. Most banks that will be downgraded are likely to fall into ‘junk' status. However, the largest banks as Banco Santander SA, Banco Bilbao Vizcaya Argentaria SA and CaixaBank SA are likely to escape downgrade.


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Mon, 25 Jun 2012 13:39:14 GMT

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