Fitch leaves Spanish corporates' ratings unchanged

Fitch Ratings said the ratings of Cableuropa SA, ONO Finance II, Nara Cable Funding and Iberdrola, SA are unchanged following the agency's downgrade of Spain's sovereign rating to A/outlook negative from AA-/Rating Watch negative.

The agency said that generally, both issuer default rating and senior debt ratings of corporates within the eurozone may exceed the local sovereign rating, subject to the AAA eurozone country ceiling for all issuers.

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