Andalucia downgraded to ‘junk’ status

The credit ratings agency Moody’s has downgraded five Spanish autonomous regions with Andalucia achieving the status colloquially known as ‘junk’. Extremadura also suffers the same fate. Castilla-La Mancha, Cataluña and Murcia, already ‘junk’ status, saw their credit-worthiness fall even further down the pan.

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