Search thinkSPAIN.com for  in 
spain jobs
backprinttell a friend

Spain's credit ratings cut again by Moody's
By:
ThinkSpain , Tuesday, February 14, 2012

Spain is amongst a number of eurozone countries downgraded again by ratings agency Moody's. The agency also downgraded Italy, Portugal, Slovakia, Slovenia and Malta.

Moody's put France, Britain and Austria on "negative outlook", which implies there is a 30% chance of a downgrade in the next 18 months.

Spain received the sharpest downgrade, having its credit rating lowered two notches to 'A3'.  Italy was cut by one notch to 'A3' and Portugal was lowered by a smaller margin - a step to 'Ba3'.

In its report, Moody's attributed its moves to "the uncertainty over the euro area's prospects for institutional reform of its fiscal and economic framework" and said weak growth could hamper Europe's efforts to deliver economic reform and austerity measures.

Martin Hennecke, associate director of independent investment advisers, Tyche, commented, "The picture is very bleak. The economies in the eurozone aren't improving. Italy in the fourth quarter of last year has gone deeper into recession. [In] Spain there's also no growth this year, [and] the unemployment numbers have been rising."

 
Print Share Article RSS News Feed
print tell a friend stumble it!  delicious  digg it!  facebook   rss feed View feed | Add to my RSS reader rss feed

Latest ThinkSpain News
Half of all working-age adults in Spain speak a second language
Education & Employment - (22/11/2014)
Villarreal FC donates six-figure sum to childhood cancer infertility research
Sport - (22/11/2014)
Demonstrations against the budget, ‘gagging law’ and ailing job market
Community/Public Services - (22/11/2014)
 
Latest Business/Economy articles
Oil-drilling starts off coasts of Lanzarote and Fuerteventura
Canary Islands  - (19/11/2014)
Popular Danish multi-label clothing giant builds megastore near Costa del Sol airport
Andalucia  - (8/11/2014)
Retail sector takings and employment up for first time in 32 months
Spain  - (1/11/2014)
 
  back
Follow thinkSPAIN on
Facebook Twitter
 
 
 
Spanish news archive Costa Blanca news Costa del Sol news Alicante news Castellon Valencia news Barcelona news Catalonia Costa Brava news Madrid news Tenerife news Canary Islands Malaga news Marbella news Andalucia news Sevilla news Costa Almeria news Murcia news Costa Calida Aragon news Asturias news Balearic news Mallorca Menorca news Ibiza Basque news Bilbao Cantabria news Castilla La Mancha news Castilla Leon news Extremadura news Galicia news La Rioja news Navarra news Spanish Travel Tourism news Spanish Property Spain directory services Spanish A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Jobs in Spain Postcodes Spanish weather Spain History Spanish Culture Flamenco dancers Sevillanas Bullfighting bullfight bull fighting matador bullfighter Spanish Education Spain Schools Facts about Spain Clubs in Spain mortgages Spanish bank Spain banking Spanish banks Spain inheritance Spanish wills Spanish healthcare in Spain Working in Spain work Spanish employment Driving Spain cars Spanish car Spain Tax & Spanish Residency Property in Spain for Sale Spanish property to rent Spain holiday lets Spain news Spanish Properties SpainSave costa blanca 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 costa del sol 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 local news/info Spanish estate agents Off Plan property Spain | costa blanca property sales properties for sale real estate costa blanca villas | costa del sol property sales properties for sale real estate costa del sol villas | costa de la luz property sales properties for sale real estate costa de la luz villas | costa brava property sales properties for sale real estate costa brava villas | costa almeria property sales properties for sale real estate costa almeria villas | costa calida property sales properties for sale real estate costa calida villas | costa valencia property sales properties for sale real estate costa valencia villas | costa azahar property sales properties for sale real estate costa azahar villas | costa dorada property sales properties for sale real estate costa dorada villas | costa garraf property sales properties for sale real estate costa garraf villas | costa maresme property sales properties for sale real estate costa maresme villas | costa vasca property sales properties for sale real estate costa vasca villas | costa verde property sales properties for sale real estate costa verde villas | costa da morte property sales properties for sale real estate costa da morte villas
 
© 2003-2014 Think Web Content, S.L. - All rights reserved