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Thursday, May 17, 2012

Moody's prepares for sweeping downgrade of Spain's banking sector

Moody's prepares for sweeping downgrade of Spain's banking sector Moody's is preparing a sweeping downgrade of Spain's banking sector likely to be announced as early as tonight, several lenders told the Financial Times.

It was not clear which specific banks would suffer, but was thought to include at least the majority of the country's large banks.
http://link.ft.com/r/WDI4RR/L9AXJ3/IYD9ZO/DWFG3N/NJ5B75/6C/h?a1=2012&a2=5&a3=17

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