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Moody's Downgrades 16 Spanish Banks, As Expected

By: capt_nemo in ROUND | Recommend this post (0)
Fri, 18 May 12 2:17 AM | 75 view(s)
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As was leaked earlier today, so it would be:

MOODY'S CUTS 16 SPANISH BANKS AND SANTANDER UK PLC
MOODY'S CUTS 1 TO 3 LEVELS L-T RATINGS OF 16 SPANISH BANKS
MOODY'S DOWNGRADES SPANISH BANKS; RATINGS CARRY NEGATIVE

In summary, the highest Moodys rating for any Spanish bank as of this point is A3. But luckily the other "rumor" of a bank run at Bankia was completely untrue, at least according to Spanish economic ministry officials, so there is no need to worry: it is all under control. The Banko de Espana said so.


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http://www.zerohedge.com/news/moodys-downgrades-16-spanish-banks-expected




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