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Fitch cuts ratings on 18 Spanish banks

Fitch cuts ratings on 18 Spanish banks (via AFP)

Fitch Ratings downgraded 18 Spanish banks on Tuesday, twisting the knife on a country being pummelled on the financial markets despite a massive banking bailout. Fitch, which slashed Spain’s sovereign debt rating by three notches last week to BBB and downgraded the two biggest banks Santander and BBVA…

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