Big businessmen are scared that Moody's could downgrade Spain to 'junk bond...

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They have asked Rajoy to ask for the rescue now Alarm among the country's big businessmen and bankers. They are worried about the consequences that the rating agency Moody's could downgrade Spain's rating to 'junk bond' this month. Reason: if that happens, a large number of foreign companies will leave the country. They have sent Rajoy the message that he urgently request a bailout from Europe.  As El Confidencial Digital has learned from high-level business sources, this message of concern has been transmitted to the economic leadership of the Government by senior managers of large Spanish companies and banks. The aspect that most worries big businessmen, and some of them have even made it known directly to Mariano Rajoy , is that Spain's departure from the list of countries with sufficient qualifications to invest in them will mean a very hard blow for multinationals.

located in our country: it would lead many of them to leave the national territory. A devastating effect Indeed, in cases where the debt of the country where they are present falls into the 'junk bond' category, the practice of most multinational companies indicates that they must leave that country . This is not a decision that is in the hands of  Middle East Mobile Number List  managers, but rather it is an automatic and immediate measure. As if that were not enough, it would upset the country's large companies and banks, taking into account that many of them are already experiencing difficulties in reducing their large debts . The sources to which ECD has had access explain that the risk premium would skyrocket without control and many investors would get rid of Spanish debt en masse. Spain's ability to meet its payments and to comply with the conditions imposed by Brussels would also be called into question .



Moody's trend is tough At the end of the three-month observation period that Moody's gave itself on June 13 to follow the evolution of the Spanish economy , it lowered Spain's sovereign rating three notches and left it at Baa3 , a single notch above the 'junk bond'. ', and with a negative perspective. The agency Moody's has now taken more time to decide whether to downgrade Spain to 'junk bond' level . Among the country's big businessmen and bankers, information is being handled with alarm. Moody's trend is one of toughness . Since 2000, whenever the rating of an OECD country has been put under observation with a negative perspective , the reduction has been inexorable in the end in 95% of the cases . exp-player-logo Ver más Descubre por qué algunas personas deben evitar el aguacate They believe that Moody's will give Spain harsh treatment , as it did with Ireland two years ago.