Fitch Downgrades Spain Debt
May 28, 2010 at 12:55 PM EDT
Fitch Ratings on Friday downgraded Spain’s long-term foreign and local currency Issuer Default Ratings to AA+ from AAA. “The downgrade reflects Fitch’s assessment that the process of adjustment to a lower level of private sector and external indebtedness will materially reduce the rate of growth of the Spanish economy over the medium-term,” [...]
