Arab Today, arab today moody\s to downgrade spain debt
Last Updated : GMT 13:29:47
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Moody\'s to downgrade Spain debt

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Arab Today, arab today Moody\'s to downgrade Spain debt

Paris - AFP

Ratings agency Moody\'s announced on Friday that it was planning to downgrade Spanish debt, currently at a \"Aa2\" rating, due to the country\'s budget problems. Moody\'s said that the pressure on Madrid could be exacerbated by fears over the new European deal to rescue Greece which had \"created a precedent\" by involving the private sector and signaled a growing risk for investors holding bonds in the fragile countries of the eurozone.

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