Spanish Stocks Plunge Most In 12 Months As Egan-Jones Cuts Spain To CCC+

via: ZeroHedge
by: Tyler Durden
July 20, 2012

Tyler Durden's picture

With IBEX down 6% and 10Y yields over 7.30%, the hits just keep coming…

  • EWP: Egan-jones cuts Spain sovereign rating to CC+ from CCC+
  • Spain Won’t Grow Until 2014 as Eurozone Agrees Bank Bailout
  • *SPAIN BAD BANK MAY INCLUDE NON REAL-ESTATE DETERIORATED ASSETS
  • *SPAIN BAD BANK TO APPLY `REAL LONG-TERM’ ECONOMIC VALUATIONS

via Bloomberg.

Read More At: ZeroHedge.com

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