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Rating agency Moody’s Investors Service downgraded Spain from A3 to Baa3 and threatened to follow and more adjustments downwards. The reasons for this are the first rescue package of € 100 billion which Spain will get through the European Financial Stability Fund and the other, the limited capabilities of the country to fund its international markets, making its economy more vulnerable .
So did another rating agency – Egan-Jones Ratings Co. She equated the Spanish government bond status to “trash” (junk) again because of the uncertainty of the elections on Sunday. The agency said the credit status of Spain’s CCC +.
Moody’s did not meet with Spain, but lowered the credit rating and Cyprus. The rating is removed from Ba1 to Ba3, and the reason for this is exposure of the banking sector to Greece, which is likely to leave the eurozone.
Mezhdudvremenno became clear that Cyprus has negotiated a new loan from Russia. Required by the Government this time is € 5 billion last year Russia allocated € 2.5 billion of Cyprus. This time the country needs financial resources with which to recapitalize their banks, which have large exposures to Greece. Moreover, increasingly strengthen the chances of Cyprus to reach out for help to rescue Europe and financial stability arrangements.