Agency Standard & Poor's downgraded Spain

The international rating agency Standard & Poor's has reported a decrease in long-term sovereign credit rating one notch to Spain - from AA to AA-. And the rating outlook has been marked as "negative". This solution is S & P analysts explain how macro-and microeconomic factors. Instability of economic growth, private sector dependence on foreign capital inflows and a huge public debt of Spain influenced the revision of the rating. Experts also S & P took into account the likelihood of further deterioration in the quality of banking assets in Spain, the unfinished reform of the labor market, which is one of the main causes of high unemployment and slowing economic recovery. In addition rostuekonomiki Spain threatens economic slowdown in partner countries. Recall that earlier - October 7, Fitch also lowered the long-term rating of Spain's foreign and local currency AA + to AA-.