フィッチの格付機関は、スペインの金融改革の銀行再編成は、正道だが、銀行の多極かを引き起こし、強者が弱者を駆逐すると警告
REESTRUCTURACIÓN FINANCIERA
Fitch augura una banca más polarizada y problemas para vender las participadas
La agencia advierte de que las entidades "fuertes" aprovecharán para ampliar su cuota de mercado
Afirma que los planes de Bruselas para las nacionalizadas está en "la senda adecuada"
El País Madrid 29 NOV 2012 - 12:16 CET
FINANCIAL RESTRUCTURING
Fitch predicts a more polarized and banking problems selling investees
The agency warns that the entities "strong" will use to expand its market share
He claims that Brussels plans for nationalized is "the right path"
The Country Madrid 29 NOV 2012 - 12:16 CET
The Fitch rating agency has analyzed Brussels plans to restructure the four Spanish banks nationalized, a key factor for the country to regain the confidence of foreign investors and can begin to move beyond the crisis. In its opinion, the measures of the Commission, which has imposed tough conditions on job fit, remove and change in the preferred business model and divestitures, are "the right path", but warns that this path is not is without risk. It also notes that distort competition within the financial sector and increase the gap between winners and losers of the crisis.
According to Fitch, the conditions imposed by Brussels in exchange for the help of 37,500 million for Bankia, Catalunya Banc, NCG Bankia Bank and cause the Spanish financial sector is even more polarized than at present. This difference between two groups of entities, a "weak" with problems, and they will have to reduce its size, and other "hard" to take advantage of the circumstances to gain even more market share.
moreBrussels cut by 60% the assets of nationalized banksInvestors in debt and preference recover between 30% and 70% ofThe bank will take "years" normally financed
Regarding forced divestments in non-core businesses, the agency, one of the three that dominates the business of risk measurement and dealt a harsh devaluation block sector in summer, portends trouble if the situation continues "weakness "markets.
By imposing Brussels, all banks will have to sell their industrial holdings and also BFA-Bankia and Catalunya Banc cede bonds they hold in their portfolios of securities and cash. Catalunya Banc also divest all of its equity funds. According to Fitch, the sale of portfolios of securities and treasury businesses, as well as venture capital funds, "will struggle if conditions prevailing market weakness."
Looking ahead despite these challenges, is confident that the restructuring will help restore confidence "depositors and debt investors." "The continuing consolidation program and recapitalization seems to be in the right direction, and we expect this momentum to continue," says the firm.
Moody's criticized the legislation on evictions
The rating agency Moody's believes risk that the Royal Decree-Law on protection of mortgagors affect a percentage "significance" of foreclosed properties. As pointed out in a report, this society, the rule "slightly weaken" the financial position of the creditor of mortgage bonds in the Spanish market, and increase the delay time before the creditor to realize the recovery after the sale of the property seized .
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