Some business news and the Euro has been hit by more bad news: The international ratings agency, Fitch, has downgraded Spains creditworthiness by 1- notch, to double-A-Plus, from triple-A. Ironically, analysts at Fitch said medium term growth prospects in Spain were likely to be damaged as a result of Madrid slashing its budget deficit. They also cited increasing reluctance among private households to borrow and spend.