Wednesday, June 30, 2010

Moody's Warns of Spain Debt Downgrade

from WSJ:
Moody's Investors Service put Spain's Aaa credit rating on review for a possible downgrade because of flagging economic prospects, challenging fiscal targets and rising funding costs.
The move follows Fitch Ratings' downgrade of Spain from the coveted top rating late last month. That one-notch cut added pressure to the euro and stocks.