Fitch cuts ratings for 18 Spanish banks

 MADRID, June 12 (Xinhua) -- The international ratings agency Fitch on Tuesday cut the ratings of 18 Spanish banks.

"The institutions affected¹ by today's rating actions are purely² domestic banks. Thus, their revenue generation capacity, risk profile, funding access and cost of funding are highly sensitive to the evolution of Spain's economy and its housing market," Fitch said in a statement.

The decision came after the ratings agency slashed³ Spain's sovereign debt rating by three notches⁴ last week to BBB and downgraded the country's two biggest banks Santander and BBVA on Monday.

Santander and BBVA are the most solvent⁵ banks in the country at the moment. They have been qualified⁶ by the International Monetary⁷ Fund (IMF) as the banks that could resist a worsening of the economic situation in Spain.

Spain would not achieve its budget deficit⁸ goals in 2012 and 2013 and the Spanish economy would remain in recession this year and in 2013, Fitch said.

Last Saturday, the Spanish government decided⁹ to ask for a bailout for its banking¹⁰ system which could reach up to 100 billion euros (about 125 billion U.S. dollars).

However, the Spanish stock market so far has not registered good results.

Uncertainty¹¹ still puts pressure on the IBEX-35 stock market in Madrid, where the risk premium¹² passed the 500-point mark on Tuesday and the interest rate on the Spanish 10-year-bond reached 6.8 percent, the highest level since the country started to use euro.

1 affected   

adj.不自然的，假装的

参考例句：

• She showed an affected interest in our subject.她假装对我们的课题感到兴趣。
• His manners are affected.他的态度不自然。

2 purely   

adv.纯粹地，完全地

参考例句：

• I helped him purely and simply out of friendship.我帮他纯粹是出于友情。
• This disproves the theory that children are purely imitative.这证明认为儿童只会单纯地模仿的理论是站不住脚的。

3 slashed   

v.挥砍( slash的过去式和过去分词 )；鞭打；割破；削减

参考例句：

• Someone had slashed the tyres on my car. 有人把我的汽车轮胎割破了。
• He slashed the bark off the tree with his knife. 他用刀把树皮从树上砍下。 来自《简明英汉词典》

4 notches   

n.（边缘或表面上的）V型痕迹( notch的名词复数 )；刻痕；水平；等级

参考例句：

• The Indians cut notches on a stick to keep count of numbers. 印第安人在棒上刻V形凹痕用来计数。 来自《现代英汉综合大词典》
• They cut notches in the handle of their pistol for each man they shot. 他们每杀一个人就在枪托上刻下一个V形记号。 来自辞典例句

5 solvent   

n.溶剂；adj.有偿付能力的

参考例句：

• Gasoline is a solvent liquid which removes grease spots.汽油是一种能去掉油污的有溶解力的液体。
• A bankrupt company is not solvent.一个破产的公司是没有偿还债务的能力的。

6 qualified   

adj.合格的，有资格的，胜任的，有限制的

参考例句：

• He is qualified as a complete man of letters.他有资格当真正的文学家。
• We must note that we still lack qualified specialists.我们必须看到我们还缺乏有资质的专家。

7 monetary   

adj.货币的，钱的；通货的；金融的；财政的

参考例句：

• The monetary system of some countries used to be based on gold.过去有些国家的货币制度是金本位制的。
• Education in the wilderness is not a matter of monetary means.荒凉地区的教育不是钱财问题。

8 deficit   

n.亏空，亏损；赤字，逆差

参考例句：

• The directors have reported a deficit of 2.5 million dollars.董事们报告赤字为250万美元。
• We have a great deficit this year.我们今年有很大亏损。

9 decided   

adj.决定了的，坚决的；明显的，明确的

参考例句：

• This gave them a decided advantage over their opponents.这使他们比对手具有明显的优势。
• There is a decided difference between British and Chinese way of greeting.英国人和中国人打招呼的方式有很明显的区别。

10 banking   

n.银行业，银行学，金融业

参考例句：

• John is launching his son on a career in banking.约翰打算让儿子在银行界谋一个新职位。
• He possesses an extensive knowledge of banking.他具有广博的银行业务知识。

11 uncertainty   

n.易变，靠不住，不确知，不确定的事物

参考例句：

• Her comments will add to the uncertainty of the situation.她的批评将会使局势更加不稳定。
• After six weeks of uncertainty,the strain was beginning to take its toll.6个星期的忐忑不安后，压力开始产生影响了。

12 premium   

n.加付款；赠品；adj.高级的；售价高的

参考例句：

• You have to pay a premium for express delivery.寄快递你得付额外费用。
• Fresh water was at a premium after the reservoir was contaminated.在水库被污染之后，清水便因稀而贵了。