Banco Popular among the victims, not so popular now is it? Bankia cut to junk. Bankinter, Banca Civica and Banco Financiero y de Aborros the other victims
Banco Santander affirmed, BBVA affirmed but on review with a negative outlook, Caixabank on watch negative.
Classic S&P, they cut Bankia to junk after the government takes over 90% of the bank. Minor blip down in EUR/USD but the affirmations of the bigger banks help to balance out the downgrades.view original article