SPAIN: MOODY’S CUTS RATING TO AA1 FROM AAA

Moody’s cut Spain’s credit rating from AAA to Aa1, with a stable outlook. Moody’s said the weak economic growth prospects, especially in the building and real estate sectors, led to the downgrade. Spain’s economy is expected to grow 1 percent annually in the next few years, Moody’s said. .

Published by
Lorenzo Briotti