On Air Now

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 1450 AM Holland, MI

Weather

Current Conditions(Holland,MI 49422)

More Weather »
62° Feels Like: 62°
Wind: SSW 8 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Tonight

Partly Cloudy 39°

Tomorrow

Mostly Sunny 69°

Sun Night

Partly Cloudy 50°

Alerts

Spanish government says had not expected S&P downgrade

MADRID (Reuters) - Spain's Secretary of State for the Economy Fernando Jimenez Latorre said on Thursday that the Spanish government had not expected a sovereign debt downgrade by ratings agency Standard & Poor's.

"We did not expect the downgrade," Fernando Jimenez Latorre said during a press conference.

Latorre said he hoped the rating agency would reconsider its position on Spanish debt as the country meets its fiscal consolidations targets.

Standard & Poor's on Wednesday 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.

(Reporting by Rodrigo de Miguel; writing by Jesús Aguado; editing by Paul Day)

Comments