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Fitch slashes Spain rating by three notches to “BBB”
Reuters – Spain’s credit rating was slashed by three notches on Thursday by Fitch, which signaled it could make further cuts as the cost of restructuring the country’s troubled banking system spiraled and Greece’s crisis deepened. Fitch cut its rating on Spain’s government debt by three notches to BBB and placed the country on ‘negative outlook’, meaning a further downgrade could come in coming months. Read Article
Tags: debt wealth, Europe, financial system, North America
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