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Moody's cuts Spain's rating, warns of further cuts
Moody's Investors Service also said it had ongoing worries about the Spanish government's ability to achieve structural improvement in its finances, especially against a backdrop of moderate economic growth in the near- to medium-term.
A negative outlook reflects concerns that Spain's government finances "remain skewed to the downside," the ratings agency said.
(Reporting by Eric Burroughs, Editing by Richard Borsuk)