| Author (Person) | Mackenzie, Michael |
|---|---|
| Series Title | Financial Times |
| Series Details | 27.4.12 |
| Publication Date | 27/04/2012 |
| Content Type | News |
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The rating agency Standard & Poor’s cut the sovereign credit rating of Spain by two notches on the 26 April 2012 and placed the country on a negative outlook, saying it also expected the country’s economy to contract during 2012 and 2013. S&P said that Spain’s budget trajectory was likely to deteriorate against the backdrop of a deteriorating economy and that the country may need to supply further fiscal support for its banking sector |
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| Countries / Regions | Spain |
