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Spain Economy Min has no comment on S&P downgrade

Source: Reuters - Wed 28th Apr 2010

A spokesman for Spain's Economy Ministry had no comment on Standard & Poor-s downgrade of Spanish sovereign debt to AA from AA-plus on Wednesday.

The Madrid bourse's benchmark index fell by 3.15 percent shortly after the announcement, while leading Spanish banks BBVA and Santander were both down by more than 4 percent.

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