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Moody's to Downgrade Spain - PIIGS without Lipstick

Looks like the PIIGS are indeed not using lipstick, as we read Spain, obviously the "S", is not on Moody's top list of nations financially:

BREAKING-
9/28/2010

"MADRID (MarketWatch) -- Analysts believe Moody's Investors Service could downgrade Spanish debt from its current AAA rating this week, according to several media reports published Tuesday."
Full Story: Moody's may downgrade Spain: reports

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