Standard & Poor's (S&P) downgraded Spain by two notches on Thursday (26 April) in a sign of persistent investor concern over the stability of the eurozone.
"The downgrade reflects our view of mounting risks to Spain's net general government debt as a share of GDP in light of the contracting economy, in particular due to the deterioration in the budget deficit trajectory for 2011-2015," S&P said in a statement announcing the downgrade to BBB+ from A.
It also said further downgrades...
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