Spain's Credit Rating Downgraded to BBB-

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Women cross the road with their shopping in a street market on... News PhotoAdult,Business,Economy,Finance,Horizontal,Madrid,Road,Shopping,Spain,Street,WomenPhotographer Collection: Getty Images News 2012 Getty ImagesMADRID, SPAIN - OCTOBER 11: Women cross the road with their shopping in a street market on October 11, 2012 in Madrid, Spain. Ratings agency Standard & Poor's has cut Spain's credit rating from BBB+ down to BBB-. The Spanish government has already introduced spending cuts and tax rises in an attempt to ease their debt and reduce their high unemployment levels. Spanish Economy Minister Luis de Guindos maintains that his country will not need to ask for a bailout. (Photo by Pablo Blazquez Dominguez/Getty Images)