S&P REDUCES THE RATING DE CATALONIA WITHOUT LOGICAL REASON

The news has just come out in the whole Spanish press salmon to first page that is reason of the holder of this first article I want to make consist that I don't consider it real (I don't say that it is lie) but yes that is presumably provoked for the own Spanish government. Anyway this that now will develop it has not prevented me to throw a Twit to the parties that lead the yes to the independence in Catalonia because it is already well of not making anything in favor of the project of independent because a thing is not to teach the letters that they are preparing (I suppose) and another very different one is to let that the opinion publishes us it shakes continually to slaps. 

This news has the whole appearance of being a "paid" note because it is not technically defensible in the form that is exposed and I refer to such a grateful economic newspaper as EXPANSION, the one mentioned note he says this way. The agency of rating Standard & Poor's has reduced the qualification of Catalonia until BB - with negative perspective for the excess of public debt of the community. The debt of Catalonia was already considered as 'voucher garbage', the previous qualification was BB. 

According to the same note published by the agency, this descent is due at the "very high level of debt of Catalonia" that is the autonomous community that has a bigger absolute volume of debt of Spain. According to the Bank of Spain, the debt of Catalonia ascends up to 67.855 million Eurus, what supposes an indebtedness of 33% on the GDP. These data are absolutely irrational and the problem doesn't go for these courses like S&P will reduce the qualification of risk of Catalonia if its debt level is of the lowest in Europe comparing it clear it is with its alone GDP as example the level of debt of Spain it is that is to say of 100%, 67 more points. 

They want more examples of that than I say there they have them: 

Catalonia GDP 205.621 million Eurus debt 67.855 million ratio 33% BB - 

Austria GDP 328.994 million Eurus debt 278.000 million ratio 84% AA+ 

Finland GDP 204.050 million Eurus debt 121.000 million ratio 59% AA+ 

Poland GDP 404.745 million Eurus debt 202.770 million ratio 50% A - 

This disqualification of Catalonia is not logical. The situation of slope of ratio of Catalonia is not for its high debt because it is low, what has happened here is that yesterday there was in Barcelona a political act of great reach in that the party more than extreme left that he has obtained 10 benches in the last Catalan voting’s manifested in this public act its base agreement to support to the winning party of the elections, and that with these 10 benches he acquires most absolute in the parliament. Government's outlines that the CUP (the leftist party) it supported they are really revolutionary for that reason they are of extreme left and this has scared Spain. 

Scarce days ago, the same agency, this agency of credit qualification elevated the rating of Spain a step, from 'BBB' to 'BBB+' with stable perspective. S&P highlighted in its official statement the positive impact of the reformations in the economy. 

The agency that confirmed the rating of Spain in its last carried out revision the past April 10, highlights that the economy of the country has benefitted of two reformations of the labor market from 2010 that have improved the competitiveness of the exports and of the sector services, (both sectors are led by Catalonia that means 25% of the exports and more than 30% of the services) as well as of some better financial conditions. 

If S&P has made at the last moment today Friday this note it is because Spain has given him a news that can be really devastating for Catalonia and this note cannot be another that Spain will close the cash flow that publishes from the country property and through the FLA it provides to Catalonia for the maintenance of the operative one of government of the autonomy and this it is the true Spain finds out S&P he cannot survive if Catalonia stops to be Spain someday but Catalonia he can stop to exist if that day it doesn't arrive soon.   

Sad paper and sad favor makes us and they are made Sirs of S&P, I believed that they were you some pirates but they had a code of honesty in spite of it (the Pirates had it) but not or they lend its name to who buys it to him or their actions can have some very serious repercussions because with countable falsehoods of this caliber they can end up causing until a small social disorder because some day or event can finish with the calm development and in peace that until these moments Spain and Catalonia are behaving.