Spain's two-year notes slid for a fourth day, the longest run of declines in six weeks, after New York-based S&P said yesterday it had cut the rating two levels to BBB- from BBB+. Moody's Investors Service is studying a possible downgrade for the...
The Christian Science Monitor
But even if Madrid finally makes the long-expected request, it still faces one more obstacle: Germany , which doesn't believe Spain needs the bailout.
The Standard and Poor's downgrade may push Spain to ask another EU bailout, but further cash injections will not cure its economic woes, journalist Miguel-Anxo Murado told RT. Whether Spain reduces its deficit or not, its credit rating will suffer.
Treasury prices extended losses on Thursday, pushing yields up, after first-time jobless claims dropped sharply in the latest week, adding to evidence that the U.S. labor market is rebounding. The data also buoyed U.S. equities which, alongside news...
Asian Wall Street Journal
Prime Minister Mariano Rajoy Thursday came under increased pressure to ask for a European Union bailout after Standard & Poor's Ratings Services slashed the country's credit rating to leave it teetering just above speculative-grade, or "junk" status.
International Business Times
There were two major developments over the past 24-hours, one in Asia and one in Europe. Yesterday after US equity markets closed, Standard & Poor's announced that it had cut the Spanish sovereign debt rating to BBB-' from BBB+', bringing the nation...