The Commission had no comment on the rating downgrade of Spain by Standard & Poor's,
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"We are confident as to the commitment and determination show by the Spanish government with regard to complying with its obligations in order to meet the targets of 2012 and 2013,
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Standard & Poor's on Thursday cut its credit rating on Spain by two notches,
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(Reporting by Jan Strupczewski,
Canada Goose DK; editing by Rex Merrifield)