Standard & Poor's Ratings Services lowered its outlook on Spain to negative, saying the country will likely see "significantly lower" gross-domestic-product growth. Its long-term ratings are one notch below AAA and the outlook change comes as Spain deals with surging unemployment following the recession. It was 19.3% in October, the second highest in the European Union behind Latvia. Read More:- http://tanmaygopal.blogspot.com/2009/12/one-more-sovereign-downgrade-this-time.html
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