Tag Archives: Moody’s Downgrades 16 Spanish Bank Ratings

Moody’s Downgrades 16 Spanish Bank Ratings – 18 May 2012

The Associated Press

Moody’s Investors Service is downgrading the ratings of 16 Spanish banks because of the country’s worsening financial picture.

Moody’s lowered its rating by one to three notches on the long-term debt and deposit ratings for 16 Spanish banks and one U.K. subsidiary on Thursday. Continue reading

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