Standard & Poor's lowered Spain's long-term sovereign credit rating to BBB +
Source: Sina Finance original link　
Sina Finance Beijing April 27 morning news, Standard & Poor's Ratings Services on Thursday released a report, Spain's long-term sovereign credit rating cut two grades from "A" down to "BBB +" rating outlook is negative "(Negative).

In the report, Standard & Poor's said the downgrade reflects the agency fears enhanced by the Spanish government bonds risk, the country is currently facing the economic downturn and the banking sector need to obtain additional support for the possibility of rising predicament.

Standard & Poor's, said: "So we believe that the risk of financial performance and flexibility in Spain is growing sovereign debt burden facing the risk is also enhanced, especially in the government balance sheet or debt even more there may be entities of the situation This is particularly true. "

At the same time, Standard & Poor's also lowered this year's GDP growth rate in Spain is expected from the originally expected growth of 0.3% to 1.5% decline.
(文武/编译)