Moody's downgrades the ratings on 5 Spanish regions by 1 or 2 notches, "driven by the...

|By:, SA News Editor

Moody's downgrades the ratings on 5 Spanish regions by 1 or 2 notches, "driven by the deterioration in their liquidity positions, as evidenced by their very limited cash reserves ... and their significant reliance on short-term credit lines."