Monday, 30 April 2012

The Banks in Spain Fall Mainly - The Latest On Spain's Banking Disaster

Spain_bullfighter

http://www.businessinsider.com/sp-axed-the-ratings-of-11-spanish-banks-this-morning-2012-4

If you live in the U.S., then you probably missed one of the biggest headlines out this morning:

Standard & Poor's ratings agency took negative actions on 16 Spanish banks—downgrading 11 of them—following a sovereign downgrade last week to BBB+.

Here are the big changes:

Santander: A+ to A-
Banesto: A+ to A-
Santander Consumer Finance: A to BBB+
BBVA: A to BBB+
Banco Sabadell: BBB- to BB+
Ibercaja Banco: BBB to BBB-
Kutxabank: BBB to BBB+
Banca Civica: BBB- to BB+
Bankinter: BBB to BBB-
ConfederaciĆ³n EspaƱola de Cajas de Ahorros (CECA): BBB to BBB-
BBSA: A to BBB+
La Caixa: BBB- (placed on creditwatch negative)
CaixaBank: BBB+ (placed on creditwatch negative)
Bankia: BBB- (placed on creditwatch negative)
Banco Financiero y de Ahorros S.A. (BFA): BB- (placed on creditwatch negative)
Banco Popular Espanol: BBB- (to remain on creditwatch negative)

Read more: http://www.businessinsider.com/sp-axed-the-ratings-of-11-spanish-banks-this-morning-2012-4#ixzz1tatt1US3

...

News Brought to you By:

investorseurope

745a Europort

Gibraltar GX11 1AA

T +350 200 40303

F +350 200 51795

Forex Brokers: http://boulle.co/forex_ie    http://boulle.co/DEMOFOREX  

Stock Brokers: http://boulle.co/client_ie     http://boulle.co/demoplatform  

FuturesBroker: http://boulle.co/futures_ie  http://boulle.co/futures_Demo  

Investors Europe, a stock, futures & forex broker regulated by the FSC. Read our disclaimers on spot forex, on the diffusion of third party products, news, services and U.S. Persons

★★★Social Infrastructure Planning and Digital Marketing Services by SEOextraordinaire★★★

Posted via email from Gibraltar

No comments: