Arab Today, arab today euro slides after sp lowers spain rating
Last Updated : GMT 01:50:32
Arab Today, arab today
Arab Today, arab today

Euro slides after S&P lowers Spain rating

Arab Today, arab today

Arab Today, arab today Euro slides after S&P lowers Spain rating

Madrid - UPI

The euro slid against the dollar Thursday after Standard & Poor\'s reduced Spain\'s credit rating almost to junk status and said it might downgrade it further. The European currency briefly slipped to $1.2825 -- its lowest level since Oct. 1 -- before strengthening to trade slightly below its Wednesday close of $1.2876. S&P lowered Spain two notches to triple-B-minus from triple-B-plus late Wednesday, downgrading Spain\'s credit rating to one notch above speculative-grade \"junk\" status. \"The capacity of Spain\'s political institutions ... to deal with the severe challenges posed by the current economic and financial crisis is declining,\" S&P said in a statement. The firm attached a \"negative outlook\" to its downgrade, suggesting it might devalue Spain further if political support for Madrid\'s reform agenda weakens. It might also downgrade Spain if eurozone support doesn\'t stop Spain\'s borrowing costs from hitting unsustainable levels, if Spain\'s sovereign debt tops 100 percent of economic output or if the country\'s debt payments exceed 10 percent of general government revenues. S&P added a \"hesitation\" by conservative Prime Minister Mariano Rajoy\'s government to request a bailout was \"potentially raising the downside risks to Spain\'s rating.\" Rajoy has said he is in no hurry to decide about a bailout. He has said he won\'t act unless he\'s sure speedy help will be available without a lengthy and tortuous approval process. S&P\'s downgrade puts Spain\'s rating on an equal footing with where Moody\'s Investors Service rates Spain. Moody\'s has Spain on review for another potential downgrade by the end of the month. The Fitch ratings agency lowered Spain\'s solvency three notches from A to triple-B in June -- still two notches above junk status -- but gave Spain a negative outlook. Smaller ratings agency Egan-Jones Ratings pushed Spain deeper into junk status Sept. 27, lowering it from double-C-plus to double-C, its seventh downgrade of the country this year. The downgrade comes after Spain announced five austerity packages in less than a year.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today euro slides after sp lowers spain rating Arab Today, arab today euro slides after sp lowers spain rating

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today euro slides after sp lowers spain rating Arab Today, arab today euro slides after sp lowers spain rating

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Barcelona through George Orwell’s eyes

GMT 13:44 2017 Friday ,20 October

Barcelona through George Orwell’s eyes
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Tillerson heads to Gulf, downbeat

GMT 09:23 2017 Friday ,20 October

Tillerson heads to Gulf, downbeat
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Sweden to get biggest car factory

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Actress Shery Adel happy for Egypt’s qualification

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 07:47 2017 Tuesday ,17 October

Hussein Fahmy happy for honoring in festival

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:43 2017 Wednesday ,18 October

Fake dentists ply brisk trade

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday