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Spains rating lowered three notches, to Baa3, on growing debt burden.
Ratings agency says second downgrade reflects nations debt burden.
Worst credit market sell-off since 2010 suggests long bull market may be ending.
Rating agency expected to issue negative outlook on all 17 countries.
Supercommittees failure raises probability of a downgrade, rating agency says.
President Sharma to leave in wake of controversial U.S. ratings cut.
Rating agency rebuts S&P downgrade as lawmakers address debt.