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canada goose black friday sale Spain Rating Reflects Persistent Catalonia Tensions canada goose black friday sale

canada goose (The following statement was released by the rating agency) LONDON, October 30 (Fitch) Heightened tensions are likely to persist for canada goose coats a protracted period following the Catalonia regional government’s unilateral declaration of independence on Friday, 27 October 2017, but developments remain consistent with Fitch Ratings’ current one notch adjustment to the Spain sovereign rating for risks of a disorderly resolution. As was widely expected, the national government intervened canada goose black friday sale shortly after the declaration to dissolve the Catalonia parliament by triggering Article 155 of the Spanish constitution, assuming regional powers Canada Goose Jackets such as for policing and finance. At canadian goose jacket the same time, new canada goose store regional elections were scheduled for 21 December. How events will unfold is unclear, including precisely how the national government will apply its new Canada Goose Coats On Sale powers, and the response of the regional administration and public. cheap Canada Goose The initial signs are canada goose coats on sale of broad acceptance of the process for new elections in December. A further escalation Canada Goose online of tensions that significantly worsens the outlook for the country’s economic growth and canada goose uk outlet public finances could prompt negative action on our rating of Spain (BBB /Positive). So far, the Canada Goose Parka Spanish economy has maintained momentum, with provisional data indicating GDP grew 0.8% qoq in 3Q17, in line with our current full year forecast of 3.1%. We continue to view Catalonia’s secession from Spain as highly unlikely. The central scenario at our latest review in July was for a ratcheting up of tensions between the central government and the Catalonia regional government canada goose clearance following a Spanish constitutional court declaration that the planned referendum https://www.canadagooseoutlete.com/ in Catalonia was illegal. The base case assumed broad political stability at the national government level, that Catalonia remains part of cheap canada goose uk Spain, and that events around the Catalonia government’s call for independence do not significantly disrupt economic activity. Our rating of Spain also incorporates a qualitative, one notch downward adjustment to that implied by our Sovereign Rating Model to account for “downside political risks of a disorderly resolution of the Catalan government’s call for independence”. Events since our review in July canada goose remain consistent with that one notch adjustment. Our rating of Catalonia is BB/Rating Watch Negative. Resolution of the Rating Watch is dependent upon developments in the relationship between Catalonia and the central government, in particular how this affects liquidity support from the latter to the former. All opinions expressed are those of Fitch canada goose clearance sale Ratings. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: here. PUBLISHED RATINGS, CRITERIA, AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH’S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE, AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE buy canada goose jacket cheap CODE OF CONDUCT SECTION OF THIS SITE. DIRECTORS AND SHAREHOLDERS RELEVANT canada goose outlet INTERESTS ARE AVAILABLE here. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. 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