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Spain deals with downgrade

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Ratings agency Fitch has lowered Spain’s credit rating

They dropped the country from a AA+ to AA-.

Trading has managed to stay up slightly, avoiding a feared crash after the downgrade.

Spain’s debt has also remained stable.

Analysts say there is still confidence in Spain, and that the country’s credit rating isn’t especially bad.

Video: Marvin Ryder from the DeGroote School of Business on the debt downgrade:


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