Friday, September 28, 2012

Moody will publishes Spanish credit rating 9/28/2012

Moody will  publishes Spanish credit rating 9/28/2012 : Spanish bond yields were steady on Friday, with the impact of a tight 2013 budget that many see as an effort to pre-empt the terms of a bailout offset by uncertainty over looming bank stress tests and a credit rating review.

Spain was set to remain in focus on Friday as Spanish banks learn from an audit the extent of the damage from the collapse of a real estate boom and Moody's publishes a review of the country's credit rating, possibly downgrading it to junk status.


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