NEW YORK/MADRID (Reuters) - Spain's credit rating was slashed by three notches on Thursday by Fitch, which signaled it could make further cuts as the cost of restructuring the country's troubled banking system spiraled and Greece's crisis deepened.
Reuters: Top News, Reuters
Thu, 06/07/2012 - 11:24am
NEW YORK/MADRID (Reuters) - Spain's credit rating was slashed by three notches on Thursday by Fitch, which signaled it could make further cuts as the cost of restructuring the country's troubled banking system spiraled and Greece's crisis deepened.