S & P Cuts Spain Rating –

Standard & Poor’s cut the credit rating for Spain to BBB+ from A.  The two notch downgrade came with a negative outlook and a cut to the gross domestic product growth forecast.  Standard & Poor’s has a projected forecast of a 1.5% contraction for Spain GDP.  The previous forecast projected GDP growth of .3%.

To read a related Fox Business article, please click here:

http://www.foxbusiness.com/markets/2012/04/26/sp-downgrades-spain-to-bbb-on-debt-concerns/

Jim Sutliff

This entry was posted in Budget, Business, General, Regulatory. Bookmark the permalink.