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S&P Lowers Rating on Spain - Euro Drops

Discussion in 'Fundamental Analysis' started by ActionForex.com, Jan 19, 2009.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
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    Standard and Poors lowered the sovereign bond rating on the Kingdom of Spain from its highest level of AAA to AA+. S&P noted that “Current economic and financial market conditions have highlighted structural weaknesses in the Spanish economy that are inconsistent with a AAA rating.”

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