S&P trims Spain’s rating as euro slides

Article reports that Spain became January 2009 the first country to lose its triple A credit rating from Standard & Poor’s since Japan in 2001, spurring a slide in the euro as the economic outlook for Europe worsened. S&P said it had downgraded Spain’s long-term sovereign debt because of its deteriorating public finances.

ESO: Background information: S&P cuts Greece’s credit rating http://www.europeansources.info/record/sp-cuts-greeces-credit-rating/

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