S&P just downgraded Spain. Fit… Posted on October 13, 2011October 13, 2011 by Site Administrator S&P just downgraded Spain. Fitch put 7 intl banks on watch for downgrade. European dallying is putting world financial system at great risk. To access this post, you must purchase The Credit Strategist Corporate Membership Subscription, The Credit Strategist Individual Membership Subscription, The Credit Strategist 1-Year Corporate Membership or The Credit Strategist 1-Year Individual Membership. Posted in The Credit Strategist.