Sharnin 2
Forumer storico
Spanish AAA-rated mortgage debt is judged to be the riskiest on the continent. Investors demand as much as 240 basis points more than Euribor, the benchmark for interbank lending in the euro zone, up from 85 basis points at the end of last year, according to Dresdner Kleinwort prices. That means it costs borrowers an extra 15.5 million euros in annual payments for every billion euros of bonds.
http://www.bloomberg.com/apps/news?p...d=avLtlLCD0wcQ
Last week it was also announced that Moody's Investors Service has put about 16.9 billion euros of Spanish residential mortgage-backed securities under review for possible downgrades after adjusting for rising default rates and slowing house price growth.
Standard also Poor's also downgraded two Spanish banks and changed the outlook on three others to negative, citing "the sharp deterioration in economic conditions and increasingly difficult operating environment in Spain."
http://spaineconomy.blogspot.com/sea...&max-results=3
http://www.bloomberg.com/apps/news?p...d=avLtlLCD0wcQ
Last week it was also announced that Moody's Investors Service has put about 16.9 billion euros of Spanish residential mortgage-backed securities under review for possible downgrades after adjusting for rising default rates and slowing house price growth.
Standard also Poor's also downgraded two Spanish banks and changed the outlook on three others to negative, citing "the sharp deterioration in economic conditions and increasingly difficult operating environment in Spain."
http://spaineconomy.blogspot.com/sea...&max-results=3