Now Moody's Is Considering Downgrading Spain

Moody’s is considering downgrading Spain from its Aaa credit rating, according to Bloomberg Television reports.

The potential downgrade could be for a myriad of reasons, but the expanding pressure on the Spanish banking system, undimmed by this morning’s positive ECB news, is a likely reason.

Further from that Spain has its most difficult sovereign debt rollover period in the next month of July.

Spain July Debt Rollover

Check out the presentation the government of Spain is using to try to get investors to buy their sovereign debt >
 

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.