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Recap from Friday. S&P affirmed Spain's.....>

RATINGS
RATINGS: Recap from Friday. S&P affirmed Spain's outlook at BBB+, outlook
positive.
- The following is the view regarding Catalonia "Nevertheless, in our view,
tensions between the central government and the regional government of Catalonia
could, if unchecked, start to weigh on business confidence and investment, and
could weaken Spain's growth prospects."
- Furthermore "The outlook is positive, indicating the possibility that we could
raise our ratings on Spain within the next 18 months, if strong economic
performance and budgetary consolidation continue in line with our expectations,
monetary policy transmission improves further, or tensions between the central
government and the regional government of Catalonia subside."

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