S&P Cuts Spain Credit Rating To Near Junk

- S&P cuts Spain credit rating to near junk (Reuters, Oct 11, 2012): Standard & Poor’s on Wednesday cut Spain’s sovereign credit rating to BBB-minus, just above junk territory, citing a deepening economic recession that is limiting the government’s policy options to arrest the slide. The S&P downgrade comes with a negative outlook reflecting the [...] continue reading the breaking news