Egan-Jones Cuts Spain from BB- to B; Cites Gov't Debt, Lagging GDP
Tweet Send to a Friend
Egan-Jones cut its rating on Spain from BB- to B. The move comes following a two-notch downgrade last week.
Reasoning behind the move is Egan-Jones seeing a 1.7 percent dip in GDP, a 9.6 percent government deficit, and 24.4 percent unemployment.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Reasoning behind the move is Egan-Jones seeing a 1.7 percent dip in GDP, a 9.6 percent government deficit, and 24.4 percent unemployment.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- KeyBank Upgrades MDC Holdings (MDC); Cuts PulteGroup (PHM) & Ryland Group (RYL)
- Moody's Sees No Impact on JCPenney (JCP) Rating from $500M Term Loan Increase
- Urban Outfitters (URBN) Added to Best Ideas List at Janney Capital on Solid Q1 Results
Create E-mail Alert Related Categories
Credit Ratings
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
