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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