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S&P Downgrades 16 Spanish Banks; Country in Recession | |
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April 30, 2012 Standard & Poor's (S&P) Ratings Services announced on Monday that it had lowered the credit rating of 16 Spanish banks. The downgrade came ahead of an announcement of Spain’s first quarter GDP figures, which showed the country had fallen back into recession. Source: http://www.cnbc.com/id/47227287?__source=RSS*tag*&par=RSS |
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