信用各付け会社のSTANDARD AND POOR'Sは、スペインのカタルーニャ自治州が、カタルーニャ州の独立を決める住民投票を行っても、直ぐには、カタルーニャ州の債権の評価を落とす事はないと発言

EL PAIS

信用各付け会社のSTANDARD AND POOR'Sは、スペインのカタルーニャ自治州が、カタルーニャ州の独立を決める住民投票を行っても、直ぐには、カタルーニャ州の債権の評価を落とす事はないと発言

S&P dice que una consulta soberanista no supondría una rebaja de nota de Cataluña

La directora de riesgos para Europa explica que la agencia esperaría al resultado del referendo

La agencia sostiene que un rescate de Europa no supondría recortar la calificación de España


Lluís Pellicer Barcelona 27 NOV 2012 - 13:46 CET



S & P said that a consultation would sovereigntist not note a reduction of Catalonia


The risk for Europe director explains that the agency would expect the outcome of the referendum

The agency argues that a bailout of Europe would not cut Spain's rating



Lluís Pellicer Barcelona 27 NOV 2012 - 13:46 CET

The director of sovereign ratings at Standard & Poor's (S & P) for Europe, Myriam Fernandez de Heredia, explained that the call for a consultation sovereigntist in Catalonia would not be an immediate downgrade of the credit rating for the community or for Spain. Instead, the agency should review the credit rating of the Government pending the outcome of the consultation. If the answer is affirmative citizenship, responsible for ratings in Europe should remember that analyzed the consequences of a possible separation, since then you should stay or not analyzed in Catalonia in the European Union.
After discussion at the ESADE business school in Barcelona, ​​Fernandez de Heredia recalled that in August the agency already downgraded the credit rating Catalan junk bond level, so that level already takes for granted the conclusion of the consultation. Specifically, S & P justified that decision, among other reasons, territorial tensions that could generate a request for a fiscal pact by the president of the Generalitat, Artur Mas. Specifically, S & P said that the debate "could harm the necessary coordination between the regional government and the national for the smooth implementation of the financial assistance from the government and weaken the will of the Government to support under certain scenarios." Then the Catalan Executive protested and expressed "perplexity" by the criteria "and misguided policy" of the agency.
Fernandez de Heredia explained already held two referendums sovereigntist in Quebec and, in these cases, S & P chooses to put "on watch list" that the credit rating of the region in hopes of being able to assess the impact of query result .
In the debate, Fernandez de Heredia also referred to "an eventual rescue of the Spanish public sector finance." This, he argued, "would have a negative impact from the point of view of the credit rating." The charge card has asserted that the agency does not provide the breakdown of the euro zone. "If Spain stays in the euro is not going to produce a Spanish debt restructuring," he noted. Fernandez de Heredia has held that "the risk that it might collapse in the euro zone is very low." "In the short to medium term there. And we give a small possibility of an outflow of Greece, one of three," he added. However, S & P does see "likely" that Greece "restructure its debt again."

信用各付け会社のSTANDARD AND POOR'Sは、スペインのカタルーニャ自治州が、カタルーニャ州の独立を決める住民投票を行っても、直ぐには、カタルーニャ州の債権の評価を落とす事はないと発言

 

 

S＆Pは協議はカタルーニャの減少に気づくことはないsovereigntistと述べた


ヨーロッパディレクターのリスクは、政府機関が国民投票の結果を期待することを説明

代理店は、ヨーロッパの救済がスペインの格付けを切断しないであろうと主張している



LLUIS Pellicerバルセロナ27 NOV 2012 - 13時46 CET

 

The director of sovereign ratings at Standard & Poor's (S & P) for Europe, Myriam Fernandez de Heredia, explained that the call for a consultation sovereigntist in Catalonia would not be an immediate downgrade of the credit rating for the community or for Spain. Instead, the agency should review the credit rating of the Government pending the outcome of the consultation. If the answer is affirmative citizenship, responsible for ratings in Europe should remember that analyzed the consequences of a possible separation, since then you should stay or not analyzed in Catalonia in the European Union.
After discussion at the ESADE business school in Barcelona, ​​Fernandez de Heredia recalled that in August the agency already downgraded the credit rating Catalan junk bond level, so that level already takes for granted the conclusion of the consultation. Specifically, S & P justified that decision, among other reasons, territorial tensions that could generate a request for a fiscal pact by the president of the Generalitat, Artur Mas. Specifically, S & P said that the debate "could harm the necessary coordination between the regional government and the national for the smooth implementation of the financial assistance from the government and weaken the will of the Government to support under certain scenarios." Then the Catalan Executive protested and expressed "perplexity" by the criteria "and misguided policy" of the agency.
Fernandez de Heredia explained already held two referendums sovereigntist in Quebec and, in these cases, S & P chooses to put "on watch list" that the credit rating of the region in hopes of being able to assess the impact of query result .
In the debate, Fernandez de Heredia also referred to "an eventual rescue of the Spanish public sector finance." This, he argued, "would have a negative impact from the point of view of the credit rating." The charge card has asserted that the agency does not provide the breakdown of the euro zone. "If Spain stays in the euro is not going to produce a Spanish debt restructuring," he noted. Fernandez de Heredia has held that "the risk that it might collapse in the euro zone is very low." "In the short to medium term there. And we give a small possibility of an outflow of Greece, one of three," he added. However, S & P does see "likely" that Greece "restructure its debt again."