Andorra credit rating downgraded amid money laundering probe
Published on: Thursday 12 March 2015
MADRID (AP) — Andorra’s credit rating was downgraded Friday by Standard & Poor’s following U.S. accusations that one of its five banks laundered money for groups from China, Russia and Venezuela. S&P said in a statement it lowered the country’s rating from BBB+ to BBB, which is two notches above so-called junk status. It also […]
News source: https://www.sandiegouniontribune.com/2015/03/13/andorra-credit-rating-downgraded-amid-money-laundering-probe/
