Moody’s Downgrade of Some Spanish Banks First Step in Reassessment of Systemic Support of Smaller European Banks
Posted on March 24, 2011 at 20:04 PM EDT
Moody’s today took multiple rating actions on Spanish banks, including downgrades by one or more notches of the senior debt and deposit ratings of 30 banks. “Our rating actions reflect trends in Spain and elsewhere that we view as leading to greater uncertainty with respect to the support likely to be made available by the [...]