Fitch Downgrades 8 BANKING GIANTS – S&P Downgrades 10 Spanish Banks

- S&P slaps ten Spanish banks with downgrade (Sydney Morning Herald, Dec. 16, 2011): Standard and Poor’s downgraded Thursday the credit rating of 10 Spanish banks after applying new criteria, and warned it may lower their short-term scores further. The 10 banks had their ratings lowered and remained in “creditwatch with negative implications”, indicating the [...] continue reading world news