Global Security Headlines

Friday, October 1, 2010

More Pain in Spain...Credit Rating Cut by Moody's

Spain's woes continue and threaten the entire EU project...

Friday, 1st October 2010
RATINGS agency Moody’s cut Spain’s credit to Aa1 from AAA yesterday, removing the last of its highly-valued triple-A ratings but saying it did not expect to cut again soon thanks to efforts at fiscal reform.

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