Spain says S&P downgrade unexpected October 11, 2012 - 14:19 AMT PanARMENIAN.Net - Spain's Secretary of State for the Economy Fernando Jimenez Latorre said on Thursday, Oct 11, that the Spanish government did not expect a sovereign debt downgrade by ratings agency Standard & Poor's. "We did not expect the downgrade," he said during a press conference. Latorre said he hopes the rating agency will reconsider its position on Spanish debt as the country meets its fiscal consolidations targets, according to Reuters. Standard & Poor's cut Spain's sovereign credit rating to BBB-minus, one notch above junk territory, citing a deepening economic recession that is limiting the government's policy options to arrest the slide. Partner news  Top stories “It’s a pity that instead of operating flights, airplanes with Armenian flags stand idle under the sun,” Ghazaryan said. The issue was discussed by Gazprom chief Alexey Miller and Armenian Minister of Energy and Natural Resources Armen Movsisyan. On Feb 23, 2012, Yerevan Jur CJSC issued application for decreasing water prices from current AMD 174,059 to AMD 166,044 per cubic meter. Finance Minister David Sargsyan met with the regional director of KfW German Development Bank Lars Oermann.   Partner news |  Latest news Will Ferrell, Paul Rudd, Steve Carell in “Anchorman 2” comedy trailer (video)  The film follows Ron Burgundy and his motley crew of news broadcasters as they attempt to revitalize their careers with a new 24-hour news channel.High levels of toxic radioactive isotope found in Fukushima groundwater Tokyo Electric Power Company (Tepco) said tests showed strontium-90 was present at 30 times the legal rate.Russia’s Sochi to host G8 summit in 2014 – Putin Russia plans to use the infrastructure of the 2014 Winter Olympic Games for the G8 summit, the Russian leader also said.Suspected Islamist militants kill 9 school students in Nigeria Boko Haram who is seen as the biggest security threat to Africa's top oil producer, has attacked several schools in the past. |
