Thursday, September 30, 2010

End of the holiday home investment era

Moody's cuts Spain's credit rating to Aa1

Moody's rating agency sliced Spain's credit rating on Thursday, a stinging blow to the government as it presents a belt-tightening budget the day after a general strike. The agency cut Spain's top-ranked "Aaa" rating by a single notch to "Aa1", meaning the country will now have to pay more to borrow money on the international markets.

Posted by mark @ 09:19 AM (1103 views)
Please complete the required fields.

2 thoughts on “End of the holiday home investment era

  • How could anyone have regarded Spain as Aaa rated? How can anyone think it is only now Aa1? Why does anyone still listen to ratings agencies?

    Please complete the required fields.

  • Why isn’t anyone being arrested at the rating agencies.

    Please complete the required fields.

Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>