Catalonia's long-term rating downgraded

From http://www.catalannewsagency.com/news/business/moodys-downgrades-catalonias-long-term-rating (in Spanish)

The international rating agency Moody's Investors Service has downgraded by one level Catalonia's long-term rating, together with other Spanish autonomous communities such as Castilla-La Mancha, Murcia and Valencia. Catalonia's rating has been downgraded from A3 to Baa1 due to Moody's expectation that the region will still deviate widely from the deficit limit for the year, despite the efforts done by present Catalan government of reducing deficit by 1.2% in comparison with 2010.