ECB excludes bonds of the Spanish region of Catalonia – Xinhua

MADRID, April 6 (Xinhua) – The European Central Bank (ECB) has decided not to include the Spanish region of Catalonia (northeast) in its extensive list of bonds from across Europe who are willing to buy in order to stimulate the eurozone economy.

in this way, Catalonia becomes the only Spanish community that is excluded from placing debt in the monetary authority of the European Union (EU), reported sources collects today the national daily El Mundo.

the ECB reports that the purchase of financial assets are strict, and the community of Catalonia “would not meet the general criteria to be rated junk and do not meet the solvency conditions that are required to be purchased. “

Hence, says the newspaper, the Catalan case is not so different from Spanish communities as Andalusia and Valencia, which have also been suspended by some of the main rating agencies, but the difference, however, is that the suspension of Catalonia is unanimous.

Indeed, this setback debt of Catalonia originates following when the rating agency Fitch decided lower your note to hold after the declaration of independence ax by the Parliament of Catalonia.

in short, this situation is what has resulted in the bond of Catalonia is considered junk bond by the other two agencies reference rating, as Moody’s and Standard & amp; Poor’s.

Fitch, and thus this community has lost the opportunity to be eligible for the program of the ECB. Finally, the ECB notes that the Catalans bonds have a risk rating too high to enter the program of the European Central Bank.