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Home » Topics » Italian banks

Moody’s to downgrade 21 Spanish banks

Moody's is set to 'significantly' downgrade 21 Spanish banks within a week, following a cut of credit ratings on Italian banks (AFP)

Moody’s is set to ‘significantly’ downgrade 21 Spanish banks within a week, following a cut of credit ratings on Italian banks, the Spanish economic daily Expansion said on Wednesday. “Sources in the Spanish financial sector are convinced that the agency will lower in a significant manner the ratings of numerous institutions,” said the daily. “The announcement can…

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