CHICAGO (MarketWatch)
Fitch Ratings on Thursday downgraded its long-term
foreign and local currency issuer default ratings on Spain to BBB from A, with a
negative outlook
The BBB credit rating is just a notch higher than junk status
The firm said Spain's "high level of foreign indebtedness has rendered it
especially vulnerable to contagion from the ongoing crisis in Greece."
Fitch
added that the nation's reduced financing flexibility hampers its ability to
"intervene decisively in the restructuring of the banking sector and has
increased the likelihood of external financial support."
Welcome
Billie, with academic training in Fundamental Mathematics and professional experience in Large Multinationals in the Information Technology sector, having held positions in high-level management positions, maintains that it is time to reduce Unproductive Public Expenditure and help the Private Sector in everything that is possible.
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Calendario económico en tiempo real proporcionado por Investing.com España.
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