the Five Days / The agency of qualification of risks Standard & Poors has improved this Thursday the rating remains on Bankia, the largest financial institution nationalized in Spain, and on its parent, BFA.
In particular, the firm’s credit rating has revised upwards the long term rating of Bankia from “BB+” to “BBB-”, keeping the positive perspective. In addition, it has revised its note to the short-term from “B” To “a-3″ with Positive outlook. Finally, has revised upward the rating of the subordinated debt from “B+” to “BB”.
So what has been communicated to the financial institution in a relevant fact referred to the National Commission of the Market of Values (CNMV), has sent a statement of its parent, BFA.
In this case, Standard & poor’s has raised its long term rating from “BB-” to “BB+”, maintaining the positive outlook. On the same note, S&P has ratified the rating in the short term BFA in “B”.
Bankia has appreciated this Thursday with a 1.7% on the Stock exchange, at a time that is shuffled for the Government to merge the entity with BMN, the other nationalised, if any bidder private offers a bid is appropriate.
SPAIN: S&P raises the note to Bankia and takes it out of the junk bond
With Information of Five Dias
http://entornointeligente.com/articulo/9609232/ESPANA-SP-sube-la-nota-a-Bankia-y-la-saca-del-bono-basura
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