Not what the market needed on a day when European sovereign debt is a fear.
Andalucia was downgraded was to AA- with a negative outlook.
Catalonia was downgraded to A with a negative outlook.
EUR/USD has fallen as low as the 1.3041 level.
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Fitch downgrades Spanish regions of Andalusia and Catalonia
Fitch downgrades Spanish regions of Andalusia and Catalonia
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