Fitch Downgrades Spain’s Credit Rating as Europe Battles Debt Crisis

May 29 (Bloomberg) — Spain lost its AAA credit grade at Fitch Ratings as Europe battles a debt crisis that’s prompted policy makers to forge an almost $1 trillion bailout package for the region’s weakest economies.The ratings company cut the grade one step yesterday to AA+ and assigned it a “stable” outlook, according to a [...] continue reading world news