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S&P downgrades Spain two notches, to BBB+ from A, with a negative outlook. The ratings...

Apr. 26, 2012 5:23 PM ETBy: Carl Surran, SA News Editor9 Comments
S&P downgrades Spain two notches, to BBB+ from A, with a negative outlook. The ratings agency says it expects "Spain's budget trajectory will likely deteriorate against a background of economic contraction in contrast with our previous projections."

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