Wednesday, September 14, 2011

Fitch downgrades Spain...

Fitch downgrades 5 Spanish regions and puts them on negative outlook, saying the move reflects "the sharp fiscal deterioration seen in recent years which has led to sharp increases in debt levels." Five other regions rated by Fitch are not downgraded, but are put on negative outlook.

Why is our market not reacting negatively to this news??? 

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