Spain might lose its credit rating as Moody's Investors Service is getting ready to cut their rating especially as the government is going to sell five-year notes worth 3.5 billion euros. Spain credit rating might drop from the current Aaa by two grades, while they will be reviewed for three-month.

Spain is dealing with a debt of 24.7 billion euros, as the government says it will reduce the deficit, as currently their debt is the third-biggest in the euro zone.