Spain is Downgraded to BBB- by S&P- Almost Junk

  • 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-

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