Moody's Investors Service has today confirmed the Kingdom of Spain's Baa3 government bond rating and assigned a negative outlook to the rating. In addition, Moody's has confirmed Spain's short-term rating at (P)Prime-3. Today's rating action concludes the review for possible further downgrade of Spain's rating that Moody's had initiated on 13 June 2012. The decision to confirm the Kingdom of Spain's sovereign ratings reflects the following positive developments since June: 1.) Moody's assessment that the risk of the Spanish sovereign losing market access has been materially reduced by the willingness of the European ... (full story)