S & P Downgrades Spain; Barcelona –

Standard & Poor’s cut the debt rating for Barcelona to AA- with a negative outlook.  The downgrade was expected after Standard & Poor’s cut the sovereign debt rating for Spain.  Debt for Spain and Barcelona can expect another downgrade if economic conditions do not improve in the country.

To read a related Wall Street Journal article, please click here:

http://online.wsj.com/article/BT-CO-20111017-709422.html

Jim Sutliff

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