Which could trigger further rating downgrades – S&P
EUR/USD new session low 1.3408.
Also talk of a Spanish downgrade from Moody’s. The rating agency placed Spain under review June 30 and said it would conclude its review within a 3 month period.
Present ratings for Spain from three main rating agencies:
S&P AA (negative), Fitch AA+ (stable) Moody’s AAA (review)