Moody’s Downgrades Spain’s Banks

Moody's has downgraded sixteen of Spain's banks after a ruin on the country's deposits shook confidence in the financial system. The downgrade follows the agency's downgrade of four of the country's regional authorities yesterday on decreased credit worthiness. The move by the ratings agency adds to downward pressure on the European economy as both political and economic troubles continue to ail the union.

Rumors of a downgrade emerged yesterday as news of the run on the banks became apparent. It had been . . .


This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here

If you are subscribed and having an account error please clear cache and then cookies if that does not work email and we will get back to you as quick as humanly possible

Saved Articles

Are you a smart investor? Join tens of thousands of sophisticated investor reading our authoritative free newsletter

* indicates required

Opt out of occasional 3rd party offers

Congrats! Are you a smart person? We have a limited time offer for sophisticated and loyal readers like yourself.

Sign up today and get three months free

Use coupon code VIP19 or click on the button below

Limited time offer only expires 8/31/2019 or next 30 now just 7 subscribers whichever comes first – please do not share this discount with others