Moody's long-term rating on Banco Santander SA, the eurozone's largest bank by market capitalization, remains in investment grade despite a two-notch downgrade. The rating agency cited Santander's diversified holdings that reduce its exposure to the government's finances. Banco Bilbao Vizcaya Argentaria SA's new long-term rating is one notch below Santander's and just one notch above non-investment, or "junk" status.The debt of several others, however, is now considered junk. Those include Banco Popular Espanol, Bankinter SA and Bankia.
Moody's Cuts Debt Ratings Of 28 Spanish Banks
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