Global Stocks Mixed After S&P Cuts Spain Credit Rating to Near Junk - Presented by: The Aol. On Network

Moody’s has promised to announce the results of a review of Spain’s finances for a possible downgrade this month. Standard & Poor's cut Spain's sovereign credit rating to BBB-minus, just above junk territory, on Wednesday, citing a deepening economic recession that is limiting the government's policy options. The S&P downgrade comes with a negative outlook reflecting the credit ratings agency's view that there are significant risks to economic growth and budgetary performance, plus a lack of



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