The Moody \ 'S agency reduced the rating of Spain and Cyprus

The international rating agency Moody's on the eve of the night reduced the sovereign credit rating of Spain and Cyprus, the official website of the agencies a . Spanish rating fell into three steps from “A3” to “Wa3”, the rating can be revised with a possible decrease. Cyprus rating fell into two steps from BA1 to VA3.

The reason for the decrease in Spain’s rating was the allocation of a loan country in the amount of 100 billion euros and the continuing weakening of the country's economy.

In relation to Cyprus, experts fear that Greece will leave the eurozone, which will depreciate Greek debt obligations, the holders of which are Cyprus banks.

In June, another largest international rating agency - Fitch - lowered the Spanish rating by three steps at once - to the level of “BBB” with “A”. In April, Standard & Poor's reduced Spain’s credit rating by two points from “A” BBB+with a negative forecast. In October, Moody's lowered Spain’s credit rating by two steps from AA2 to “A1”.

The weakening of the country's financial sector significantly affects the life of ordinary Spaniards. So in April, unemployment in Spain exceeded 23%.