FT.com / Europe - Spain loses triple A rating

FT.com / Europe - Spain loses triple A rating: "Spain lost its triple A credit rating from Standard & Poor’s on Monday when the ratings agency downgraded the country’s long-term sovereign debt because of its deteriorating public finances.

S&P lowered its rating by one notch to double A plus, arguing that the global economic crisis had highlighted “structural weaknesses” in the Spanish economy that were inconsistent with triple A, the highest rating."