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Moodys credit ratings agency

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Credit ratings agency cites a weak economy and the Spanish government's reduced ability to offer support.
Moodys credit ratings agency

This picture taken on January 17, 2012 in Paris shows a close-up of the opening page of the ratings agency Moody's website. Moody's on May 17, 2012 cut the debt ratings of 16 Spanish banks by one to three notches, citing the effects of the ongoing recession and the reduced creditworthiness of the Spanish government.

JOEL SAGET