| | |
| Brief Excerpt: | ...Iberian economies have been heavily affected by the coronavirus pandemic-related lockdowns due to their structural features. Services and industries related to tourism, which significantly contribute to GDP and employment, have been the worst affected. Fitch Ratings expects Spain, which has had one of the strictest lockdowns globally, to suffer one of the deepest economic impacts, with real GDP declining by 9.6% in 2020 compared to a contraction of 6.6% in less-affected Portugal. The ultimate impact of the pandemic on the two economies remains highly uncertain and will depend on the further spread, virulence and duration of the outbreak. We assume a slow recovery path despite recent fiscal and monetary stimulus measures, given increasing unemployment, reduced discretionary consumer spending and companies' rebased expansion capex.... |
| | |
| Report Type: | |
| Company(ies) | Endesa SA
, Naturgy Energy Group S.A.
, REDEIA CORPORATION S.A.
, Repsol S.A.
, Obrascon Huarte Lain, S.A.
, Iberdrola S.A.
, ENAGAS S.A.
, EDP, S.A.
, Minor Hotels Europe & Americas, S.A.
, Ferrovial, S.A.
, REN - Redes Energeticas Nacionais, SGPS, S.A.
, Grupo Aldesa SA
, Madrilena Red de Gas S.A.U.
, El Corte Ingles S.A.
, CANAL DE ISABEL II, S.A.
, Criteria Caixa SA Unipersonal
, FCC Aqualia SA
, Invictus Media S.A.U
, Promotora de Informaciones S.A.
, MASMOVIL IBERCOM. SAU |
| Issuer | |
| Format: | | PDF |  |
|
| |
