Fitch Slashes Spain Rating By Three Notches To "bbb"

NEW YORK/MADRID (Reuters) - Spain's credit rating was slashed by three notches on Thursday by Fitch, which signaled it could make further cuts as the cost of restructuring the country's troubled banking system spiraled and Greece's crisis deepened.

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BING NEWS:
  • Fitch slashes Spain credit rating by three notches
    Fitch Ratings slashed Spain’s sovereign credit rating by three notches Thursday, citing ballooning estimates of the cost of a banking crisis, mushrooming debt and a deepening recession. The long-term rating was chopped to BBB from A and left with a ...
    06/7/2012 - 11:27 am | View Link
  • Fitch slashes Spain credit rating to near junk status
    Fitch today chopped Spain’s credit rating by three notches to BBB – just above junk status – citing the growing cost of bailing out the country’s debt-stricken banks, its deepening recession and the risk of contagion from Greece. The ratings agency ...
    06/7/2012 - 9:57 am | View Link
  • Fitch slashes Spain rating by three notches to 'BBB'
    Spain's credit rating was slashed by three notches on Thursday by Fitch, which signalled it could make further cuts as the cost of restructuring the country's troubled banking system spiralled and Greece's crisis deepened. Fitch cut its rating on Spain's ...
    06/7/2012 - 9:18 am | View Link
  • Fitch slashes Spain rating by three notches to "BBB"
    Fitch cut its rating on Spain's government debt by three notches to BBB and placed the country on 'negative outlook', meaning a further downgrade could come in coming months. The new rating was Spain's lowest among the three main ratings agencies ...
    06/7/2012 - 9:12 am | View Link
  • Fitch slashes Spain rating by three notches to 'BBB'
    NEW YORK/MADRID (Reuters) - Spain's credit rating was slashed by three notches on Thursday by Fitch, which signalled it could make further cuts as the cost of restructuring the country's troubled banking system spiralled and Greece's crisis deepened.
    06/7/2012 - 8:17 am | View Link
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