Moody's said to be set on Spanish bank downgrade

Moody’s Investors Service is set to downgrade the credit ratings of Spanish banks later this evening, Bloomberg News has reported, citing two people with knowledge of the situation.

17th May, 2012

Moody’s Investors Service is set to downgrade the credit ratings of Spanish banks later this evening, Bloomberg News has reported, citing two people with knowledge of the situation.

A spokeswoman for Moody’s in London declined to comment in a phone interview today.

Moody's cut Spain's debt rating to A3 from A1 in February.

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