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  1. Business - Economy - SPAIN

    S&P drops Spain bond ranking to near 'junk'

    Posted Oct 12th 2012, 12:00am by BLOOM

    ... of 7.75 per cent on July 25, a day after Spain signed a memorandum of understanding awarding it a credit line for its banks. The IMF's managing director, Christine Lagarde, said yesterday ...

    http://www.scmp.com/business/economy/article/1059056/sp-drops-spain-bond-ranking-near-junk

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