12 Jun 2012

Europe fears still remain despite Spain bailout

From Morning Report, 7:36 am on 12 June 2012

The rating's agency, Fitch, has downgraded its credit rating for Spain's two largest banks in the wake of the €100 billion bailout of the Spanish banking sector. The banks, Santander and BBVA, were downgraded from A to triple-B-plus, and both banks were given a negative outlook.