- Spain was downgraded from BBB+/A-s to BBB-/A-.
- S&P cited intensifying economic and political risks as their primary reason.
- S&P said further downgrades are a real possibility
Bloomberg: Spain Downgraded to One Level Above Junk by S&P on Risks
Wall Street Journal: Spain Downgraded: S&P Cuts Rating Two Notches
Business Insider: S&P DOWNGRADES SPAIN TO BBB-
