MADRID (Reuters) - Spain's Secretary of State for the Economy Fernando Jimenez Latorre said on Thursday that the Spanish government had not expected a sovereign debt downgrade by ratings agency Standard & Poor's.
"We did not expect the downgrade," Fernando Jimenez Latorre said during a press conference.
Latorre said he hoped the rating agency would reconsider its position on Spanish debt as the country meets its fiscal consolidations targets.
Standard & Poor's on Wednesday cut Spain's sovereign credit rating to BBB-minus, one notch above junk territory, citing a deepening economic recession that is limiting the government's policy options to arrest the slide.
(Reporting by Rodrigo de Miguel; writing by Jesús Aguado; editing by Paul Day)
'More playful than anything': #BlackFair participant puts 'Pigs in a blanket' chant 'in context'
Apparently “cops’ lives matter” is now an insult - Hot Air
Katie Pavlich - WATCH: Sheriff David Clarke Takes on Cop Killer Advocate on CNN
Have We Not More Faith Than This? | RedState
Elon Musk’s Crony Capitalism under Scrutiny | Human Events
Daniel J. Mitchell - Does Donald Trump Think Washington Politicians Should Have More of Our Money to Help America Become Greece?
10mm Underwood Extreme Penetrators Vs Bulletproof Glass - Bearing Arms - 10mm, Underwood, Video