Thursday, August 11, 2011

Credit rating in big jeopardy

The assessment of creditworthiness with AA2 Spanish would be reviewed in detail, said Moody's. The latest is the third-best mark, but this is hardly justified. The rating agency sees growing risks to the owners come from the Spanish government bonds. Reason the test is the increasing vulnerability of public finances and little hope of quick solutions. In addition, should the financing pressure growing on the southern Europeans to the new rescue package for Greece.

The Spanish State has four times in July alone securities placed on the market. On 21 July saw the Spanish Treasury forced to lure investors with the highest returns since 1997, to accommodate ten-and 15-year bonds can. On 26 July was the demand for short-term government bonds from far less than expected.

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