Moody’s puts Spain on review for downgrade

Moody’s puts Spain on review for downgrade Moody’s rating agency has put Spain on review for possible downgrade, increasing pressure on a government already struggling to fix its finances.

The agency said the terms of the Greece package were a key driver of its decision, as the agreement, which included private sector participation, “has signalled a clear shift in risk for bondholders.”

Moody’s last changed Spain’s rating in March 2010 when it downgraded the country’s sovereign debt to Aa2, three months after putting the then Aa1 rating on review for possible downgrade.
http://link.ft.com/r/OZMCDD/C4WUB2/40OA1R/ZBL0WG/DWWR31/D5/h?a1=2011&a2=7&a3=29