spanish companies

Spanish companies' cost of financing at minimum lows

Spain’s Regulations For Direct Aid To Companies Come Several Months Later Than In Germany, France And Italy

Funcas | The aim of this note is to outline the recent initiatives in terms of direct aid from the governments of Germany, Spain, France and Italy. While in Italy the aid has been extended to the whole economy, as in Germany and France, in Spain it is limited to the sectors most affected (commerce, hotels and restaurants, leisure, etc.). The amount of aid is relatively low in Spain compared to the other three countries, however Spain is the only country that grants a minimum benefit of 4,000 euros for all eligible businesses. 


Enagas

Endesa, Enagás And Mapfre, The Spanish Firms With Highest Dividend Yield, Says Spanish Consumers’ Organisation

Endesa, Enagás and Mapfre are the three Spanish companies that offer the highest dividend yield, 9.7%, 9.5% and 7.5%, respectively. According to the analysis prepared by the Organization of Consumers and Users (OCU), and reported by the Europa Press agency, these three companies are followed by Red Eléctrica, Naturgy and Zardoya-Otis, with a yield of over 5%.


Public Aid Saved 25% Of Spanish Companies From Their Liquidity Risks

Spain is the country most affected by the decline in productivity due to the Covid-19 pandemic because its economy is more vulnerable. The reason is it depends on the most affected sectors, like tourism, hotels and restaurants, having fewer manufacturing companies, according to a recent article in the European Central Bank’s Economic Bulletin. The article analyses the impact of the Covid-19 pandemic on the productivity of German, French, Italian and Spanish companies.


Moodys Threatens To Lower Rating For Over 50% Of Spanish Companies

Moody’s has warned that over half of Spain’s non-financial companies rated by the credit agency are at risk of being downgraded in the next 18 months. This is in light of the prospect that their solvency will continue to weaken, even after the government relaxes restrictions on mobility and travel and eases social distancing. In fact, the ratings agency highlights that between March and May 2020, it took 29 negative actions on the ratings of Spanish non-financial companies.


Ibex 35 profits (-13,6%), marked by banking sector, macro slowdown and emerging markets

Santander Corporate & Investment | The publication of results is nearing its end, and European company profits have shown resilience in face of a global environment dominated by uncertainty: the trade war, volatility in emerging markets and weakness in their currencies, Brexit, the growth of populism etc. Spanish companies are very exposed to international markets, given that only a third of their benefits come from the domestic market.


TCI sells 0.8% of AENA

Banc Sabadell | The regulator has announced that TCI will make an accelerated sale of 0.8% of AENA at an estimated price (according to Bloomberg) of 159.53 Euros/share (-2.2%).

 




Spanish companies' cost of financing at minimum lows

Average Financing Costs For Spanish Companies At Historic Lows

The ratio which estimates the Spanish non-financial firms average cost of financial debt reduced between 2008 and 2016 (the last year for which data is available) by more than 50%, so that the average value want from 5.9% at the beginning of this period to 2.7% in 2016, according to the last data from the Bank of Spain.