Arab Today, arab today spain sp cut ratings of 11 banks
Last Updated : GMT 20:56:26
Arab Today, arab today
Arab Today, arab today

Spain, S&P cut ratings of 11 banks

Arab Today, arab today

Arab Today, arab today Spain, S&P cut ratings of 11 banks

Rome - ANSA

The agency Standard and Poor\'s has cut the credit rating of 11 Spanish banks following a lowered judgement on Spain\'s sovereign debt last week to BBB-: one level above \'junk\'. In particular the agency cut Santander\'s rating two levels, depriving the bank of its A- rating and classifying it BBB with a negative outlook.

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