S&P



Forty years of Spanish constitution: What's next?

S&P Raises Its Spain Rating To “A-” With Positive Outlook Of Its Own Accord

In January, Spain terminated its contract with S&P (tired of paying for being knocked done by the ratings agency). S&P then replaced its management team in Spain and now, in March, of its own accord, – because Spain did not ask for the qualification – decided, last Friday, to raise its credit rating on the country by one step, to A- from BBB+, with a “positive” outlook.




Banco Popular will meet ECB

S&P Cuts Banco Popular’s Rating To B vs B+coinciding with AGM

S&P has cut its outlook for Banco Popular to Negative from Stable (where it placed the bank on February 9), which opens the door to new rating trims. At the same time, Popular will hold its AGM today where the 2016 accounts (losses of €3.485 billion) are due to be approved by shareholders,


madrid capital

Can Madrid survive without rating?

Fernando Barciela | Madrid leftwing Mayor Manuela Carmena (Ahora Madrid) upset the markets and the media last week with her decision to fire credit rating agencies Standard & Poor’s (S&P) and Fitch, effective from 2016.


Santander, the first European bank that will not redeem its issue of CoCos

S&P raises Santander rating above Spain sovereign

After recently raising Spain’s sovereign ratings to ‘BBB+’ from ‘BBB’, S&P has also improved its stance on some of the country’s top banks. S&P’s upgrades comes in the same week as the Madrid local authorities said they could not renew the contracts with that agency.


No Picture

Market chatter: S&P, you’re late (Spain already gets AA+ treatment)

MADRID | By Jaime Santisteban | S&P has upgraded Spain’s credit rating for the first time since stripping the country of its AAA grade in 2009, increasing its assessment to BBB from BBB- and saying the outlook is stable. But ten-year Spanish bond yields stay at 3.004% following last week’s auction, while the U.S. benchmark 10-year note yield, was up 1.5 basis points at 2.550%, according to Tradeweb. A BBB player is getting more or less the same treatment in the market as a AA+.