Eurozone’s Prospects Sink as Spain Downgraded Again

Moody’s has cut Spain’s rating by three notches from A3 to Baa3, citing the nation’s worsening debt burden, rampant unemployment, and shrinking access to capital sources.
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Eurozone’s Prospects Sink as Spain Downgraded Again
A man buys a newspaper, discussing the eurozone crisis, at a newspaper stand in Madrid, Spain on June 10. Spain received a $125 billion bailout last week to shore up its struggling banks. (Pablo Blazquez Dominguez/Getty Images)
6/15/2012
Updated:
10/1/2015
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