moody’s



The year has just started with the banking sector rising strongly

Spain, Italy, Germany and Austria the markets with highest options of banking M&A

According to Moody’s, the markets where there are the highest possibilities of integration are Spain, Italy, Germany and Austria. Unlike Italy’s banks, Moody’s believes the Spanish lenders are under less pressure to reduce their unproductive assets, thanks to the improving economic cycle and increased profitability at the operating level




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Bankinter results cause mixed feelings; Moody’s points to a sexier Spain

MADRID | By Jaime Santisteban | Bankinter, the Spanish bank with highest credit rating announced results under expectations, according to Santander. Analysts look optimistic on Spanish equities profitability and expect a 15% growth in Ibex 35. Spain walks on a firm and positive trend, points out Moody’s.

 


Santander

Spanish Santander’s long-term debt rating sees one notch rise

MADRID | By Julia Pastor | Moodys considers that the biggest euro zone bank Santander has sufficiently diversified its sovereign risk and it has become stronger to face operating risks in Spain, thus increasing entity’s long-term credit in one notch, from Baa1 to Baa2. According to BEKA finance’s analysts in Madrid after this improvement Spanish economy’s risk profile will not be anymore the main and almost only variable limiting Santander’s rating to soften. The bank got a big boost which and announced a €1.5 billion issue of convertible bonds to reinforce its capital.

  

 




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Did Moody’s downgrade Chancellor Osborne?

LONDON | The two possible responses from Chancellor George Osborne and Prime Minister David Cameron are well known: they could either use again the eurozone card as a scapegoat, or face the UK rating downgrade.