Moody’s warns on Spain’s debt rating

first_imgWednesday 15 December 2010 8:42 pm Show Comments ▼ Moody’s warns on Spain’s debt rating whatsapp whatsapp KCS-content Share Moody’s yesterday warned that it had put Spain on review for a downgrade on its sovereign debt due to its refinancing needs over the next year.But the ratings agency added that it does not expect the country will need a bailout, saying it “does not believe Spain’s solvency is under threat”.Spain will need to refinance €210bn’s (£178bn) worth of debt next year, according to Goldman Sachs, and Spanish banks’ refinancing needs will hit €35bn.Stocks and the euro fell after Moody’s warning: the Eurostoxx 50 closed down 0.69 per cent, while the euro had dropped 0.7 per cent against the greenback by yesterday evening. However, bond investors appeared reassured: the yield on 10-year Spanish debt closed down at 5.5 per cent. More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com980-foot skyscraper sways in China, prompting panic and Tags: NULLlast_img

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