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S&P downgrades Spanish banks

16.10.12 @ 08:53

  1. By EUOBSERVER

The Standard & Poor's agency has cut the credit rating of leading Spanish banks, including BBVA, CaixaBank, Santander and Bankia, from BBB+/A-2 to BBB-/A-3. It said the move follows its recent downgrade on similar lines of Spanish sovereign bonds.

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