moody\s to downgrade spain debt
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

Moody's to downgrade Spain debt

Egypt Today, egypt today

Egypt Today, egypt 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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