Moody’s and Fitch have alongside the Spanish national government downgraded 8 autonomous regions credit ratings. Spanish banks have also suffered the same fate The meaning is simple. As risk rises so does the cost they will all have to pay to borrow.
Spain has however managed to sell it’s paper in a successful bond auction this week be it at higher yield.
Everything you need to know about property in Spain
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.