WADA welcomes Putin’s statement urging Russia to heed demands of McLaren reportSport March 01, 21:27
Moldova’s president initiates process of national reconciliation over TransnistriaWorld March 01, 21:14
Russian Foreign Ministry: Any sanctions against Syria to weaken anti-terrorist frontRussian Politics & Diplomacy March 01, 21:05
Russia rejects Al Jazeera’s report on alleged cooperation with terrorists in AfghanistanRussian Politics & Diplomacy March 01, 20:04
Moldova’s government recalls ambassador to RussiaWorld March 01, 20:02
OSCE envoy says Contact Group discussed recognition of DPR, LPR documents by MoscowWorld March 01, 20:00
Russian senator believes European Parliament’s resolutions on Syria not to solve crisisRussian Politics & Diplomacy March 01, 18:56
Dire Straits Experience to kick off their 2017 world tour in RussiaSociety & Culture March 01, 18:48
Volkswagen to recall 42 Lamborghini cars in Russia due to flame outbreak possibilityBusiness & Economy March 01, 18:46
LONDON, October 14 (Itar-Tass) —— Ratings agency Standard and Poor's said on Friday it downgraded the long-term credit rating of Spain by one notch to AA- from AA and signaled further possible downgrades.
“Despite signs of resilience in economic performance during 2011, we see heightened risks to Spain's growth prospects due to high unemployment, tighter financial conditions, the still high level of private sector debt, and the likely economic slowdown in Spain's main trading partners,” S&P said in a statement.
“We could lower the ratings again if, consistent with our downside scenario, the economy contracts in 2012, Spain's fiscal position significantly deviates from the government's budgetary targets, or additional labor market and other growth-enhancing reforms are delayed,” S&P added.
Earlier this month Fitch ratings agency also downgraded Spain by two notches to AA- with a negative outlook.