MADRID (S&P Global Ratings) July 24, 2020--S&P Global Ratings today said that the already-critical role of Sociedad Estatal de Participaciones Industriales (SEPI; A/Stable/A-1) in the Spanish government was reinforced after it was tasked with managing a fund to support Spanish strategic entities that have been affected by the pandemic and are considered strategic for the Spanish economy. On July 21, 2020, the Spanish Council of Ministers approved the €10 billion fund. This fund will depend on the Ministry of Finance and be run by a management board through SEPI. The board will be led by the president or vice president of the company and will have the support of four secretaries from the ministries of economy, finance, industry, and energy,
