Spanish banks take first blow in Moody’s state support change

© 2026 GlobalCapital, Derivia Intelligence Limited, company number 15235970, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement | Event Participant Terms & Conditions

Spanish banks take first blow in Moody’s state support change

Moody’s axe is hovering above Europe’s smaller banks, with the agency radically overhauling its state support assumptions in a change of tack that could see dozens of financial institutions downgraded. Some 30 Spanish banks were the first to be hit by the new methodology on Thursday, but many others are likely to follow as the ratings agency reviews each jurisdiction in turn.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request demo or Login
  • 4,000 annual insights
  • 700+ notes and long-form analyses
  • 4 capital markets databases
  • Daily newsletters across markets and asset classes
  • 2 weekly podcasts
Gift this article