Complex sentence: In May 2012 credit ratings of several Spanish banks were downgraded, some to "junk" status, and the Bankia bank, the country's largest morgage lender, announced that it would require a bailout of 23.5 €to cover losses from failed mortgages.
Split into simpler sentences: In May 2012 credit ratings of several Spanish banks were downgraded, some to "junk" status. The Bankia bank, the country's largest morgage lender, announced that it would require a bailout of 23.5 €to cover losses from failed mortgages.