AP News

News Summary: Moody's confirms Spain's rating


RATING CONFIRMED: Moody's Investors Service on Tuesday confirmed its rating on Spain's government debt at "Baa3", its lowest investment-grade rung.

OUTLOOK NEGATIVE: The agency, meanwhile, assigned a negative outlook to the rating, signaling that a downgrade is still possible in the coming months.

EFFORTS, RISKS CITED: The rating agency cited Spain's efforts to improve its financial position and the European Central Bank's willingness to lend support. But it also noted the risks are still high for the financially troubled country.


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