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Microcap & Penny Stocks : Rat dog micro-cap picks... -- Ignore unavailable to you. Want to Upgrade?

To: Baton who wrote (45589)	7/20/2012 12:19:20 PM
From: Rangle	Respond to of 48461

Egan Jones downgraded Spain's sovereign debt rating to CC+ from CCC+ following word the Spanish region of Valencia needs government help to meet its debt obligations. The downgrade coincides with the Spanish 10-yr yield surging to a record high near 7.31% on the back of Valencia requesting assistance and as the Spanish spread over Germany ballooned to a record high of more than 600 bps. The EU recently released a Memorandum of Understanding on the bailout of the Spanish banking sector which calls for a EUR30 bln tranche to be released shortly, ahead of a stress test of the system which will be completed by the end of September. A Spanish roadmap will be created by the end of November. Spain's IBEX closed at its lowest level since May 2010. .