20
May

Moody´s threatens to downgrade 36 Spanish Financial Institutions

Escrito el 20 mayo 2009 por Antonio Rivela Rodríguez en Uncategorized

Hi all,

Yesterday I was shocked by the following article in “El Mundo” (see link below).

Basically 36 Spanish banks and saving banks could be downgraded sooner rather than later by Moody´s – o ne of the most relevant rating agencies.

Downgrades would affect not only long term debt but hybrid issues as well.

My forecast is that long term senior debt will de downgraded by one notch on average and hybrids could be punished by two notches.

Moody´s favours Government measures & support to the Spanish Banking System…. 

I know… I am normally positive… but….

Link to El Mundo article.

Comentarios

Kate Tromtown 28 noviembre 2016 - 13:11

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