Moody's cuts Spain's rating, warns of further cuts (Reuters)
HONG KONG (Reuters) – Ratings authority Moody's reduced Spain's sovereign credit judgement by a notch to Aa2 on Thursday and warned of boost cuts, locution that the country's plans to decent up the maltreated banking sector will outlay more than government expects and add to its debt burden.
Moody's Investors Service also said it had ongoing worries most the Spanish government's knowledge to attain structural transformation in its finances, especially against a scenery of medium scheme growth in the near- to medium-term.
A negative looking reflects concerns that Spain's government assets "remain inclined to the downside," the ratings authority said.
(Reporting by Eric Burroughs, Editing by Richard Borsuk)
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