April 10, 2021

Rejonazo of S & P to Dia after the takeover of Fridman and other four economic news of the day

Rejonazo of S & P to Dia after the takeover of Fridman and other four economic news of the day



1. S & P sinks Dia's credit note for the risks of its recapitalization. The rating agency Standard & Poor's (S & P) has lowered the DIA note one step more, a decision that justifies the difficulties and risks of its recapitalization process. The S & P note has gone from CCC + to CCC – indicated for investments "extremely speculative" -, seven steps below stop being "junk bond" and three above the "suspension of payments" or "default" rating .

2. BBVA believes that the rise of the SMI will subtract up to 195,000 jobs in two years. Government measures will hinder job creation and fiscal consolidation, although the inertia of the activity will cause GDP to continue to grow above the countries in our area. Thus, in the eyes of BBVA Research, the Spanish economy will advance by 2.4% this year and 2% the next, maintaining its estimates against 2.2% and 2.1% respectively for the two fiscal years provided by the Government .

3. Brussels vetoes the merger of Siemens and Alstom despite pressure from Germany and France. The Franco-German project to create a railway giant from the merger of Alstom and Siemens has derailed. The European Commission has vetoed the acquisition of the French manufacturer Alstom by the German Siemens, considering that the operation would damage competition in the markets of high-speed trains and signaling systems.

4. The owners of Torre Agbar say it is not for sale, and less for 150 million. The Agbar tower is not in bandage. According to its owners, Merlin Properties, there is no intention to part with the emblematic building, and less for 150 million euros, an amount that supposedly wants to buy the American billionaire Warren Buffet through its investment company Berkshire Hathaway.

5. CSIF denounces a snip from the Government to the "moscosos" of the officials. Specifically, they have assured that they would be apportioning (limiting) these days for the cases of exceedances for gender violence and newly-recruited officials. An extreme that has been categorically denied by the Government, as well as UGT and Workers' Commissions. «No clipping or surprise», answered questions from ABC, the State Secretary of Public Function José Antonio Benedicto Iruiñ. .



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